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You ( or your parents ) purchase a used car for $ 1 5 , 8 6 7 . 0 0 plus 5 . 2

You (or your parents) purchase a used car for $15,867.00 plus 5.25% sales tax. The down payment is 10% of the total cost and you (or your parents) have an excellent credit rating. What is your principal balance at the start of the loan?
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