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You are buying your first car with a 20% down payment. You have arranged to finance the remaining amount ( 80% of the price) with

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You are buying your first car with a 20% down payment. You have arranged to finance the remaining amount ( 80% of the price) with a 5 -year loan with a 4.8% nominal interest rate and equal monthly payments of $345.55. What is the price of the car? $24,000 $22,000 $23,000 $22,500

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