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xenia is buying a used car. Payments will be $416.25 every month for 3 years, with the first payment at the end of 12 months.

xenia is buying a used car. Payments will be $416.25 every month for 3 years, with the first payment at the end of 12 months. The interest rate is 8.050% compounded quarterly. What is the equivalent cash price of the car?

a. X = $11,236.72.

b. X = $13,335.89.

c. X = $13,372.48.

d. X = $12,348.05.

e. None of the other answers is correct.

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