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Posted on Jul 27, 2024

You purchase a Buick for $ 2 5 , 0 0 0 . You put down 2 0 % of the purchase price. What is

You purchase a Buick for $

25, 000 .

You put down

20 %

of the purchase price. What is the payment if you take out a six

-

year loan at a rate of

7 % ?

Please show your TVM reasoning and your proposed solution

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