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You purchase a new car and finance 22,685 of the purchase price at a 8.3% rate. What will your monthly payment be if you finance

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You purchase a new car and finance 22,685 of the purchase price at a 8.3% rate. What will your monthly payment be if you finance for 4 years? (Enter the absolute value of your response to 2 decimal places ex: 123.45 NOT -123.45) A friend offers you an investment that pays $3,468 per year for the next 13 years. Assume you require an 4% return and that you receive the first payment today. What is this opportunity worth to you? Hint: If you change your calculator setting to solve this problem, don't forget to change it back before moving on (Enter the absolute value of your response to 2 decimal places ex 123 45 NOT -12345)

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