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Using the following information, what is the cost to buy a car? Down payment Monthly loan payment Opportunity cost of down payment Estimated value

Using the following information, what is the cost to buy a car? Down payment Monthly loan payment Opportunity cost of down payment Estimated value of vehicle at end of ownership period $3,000 $350 per month for a six-year loan $3,000 x loan period (in years) x 29- interest $4,000

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