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Present value A smooth-talking used-car salesman who smiles considerably is offering you a great deal on a "pre-owned car He says. For only 8 annual payments of $2,800, this beautiful 1998 Honda C c can be yours. If you can borrow money at 6%, what is the price of th s car? Assume the payment is made at the end of each year. If you can borrow money at 6%, what is the price of this car? (Round to the nearest cent)