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You are financing a car worth $27080.19 with tax included. Interest rates are 13.2% compounded daily. Payments are monthly and made at the end of
You are financing a car worth $27080.19 with tax included. Interest rates are 13.2% compounded daily. Payments are monthly and made at the end of the month. You will own the car in 3 years. You have a down payment of $1696.Calculate the finance charge (interest charged on purchase).
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