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You are buying your first car and are paying 25% as a down payment. You have arranged to finance the remaining amount with a 5-year

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You are buying your first car and are paying 25% as a down payment. You have arranged to finance the remaining amount with a 5-year loan with a 3% nominal interest rate and equal monthly payments of $ 287.50. What is the price of the car? $21,333 $16,000 O $20,339 $21,151

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