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You took out a loan to buy a new car. The monthly interest rate on the loan is 2 . 5 % . You have

You took out a loan to buy a new car. The monthly interest rate on the loan is

2.5 % .

You have to pay $

270

every month for

60

months

Part

1

Attempt

\frac{2}{3}

for

1

pts

.

What is the present value of the cash flows if it's an annuity due?

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