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TIME VALUE OF MONEY You have just purchased a Ferrari. The dealer tells you that you will have to pay $1,800/month for the next 72

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TIME VALUE OF MONEY You have just purchased a Ferrari. The dealer tells you that you will have to pay $1,800/month for the next 72 months. He further advises that the promotional rate of interest is only 6.0% per year. In addition, you have to come up with $10,000, today. How much was the Ferrari's purchase price

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