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Posted on Sep 29, 2024

You buy a car and put down a $ 1 5 0 0 down payment. You pay off the rest of the car in monthly

You buy a car and put down a $

1500

down payment. You pay off the rest of the car in monthly payments of $

300

for

4

years. If you are charged

6 %

per year interest compounded monthly, what was the price of the car?

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