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You want to buy a $37,000 car. The dealer offers you 6% APR for 7 years. You have a down payment of $4,000. What is

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You want to buy a $37,000 car. The dealer offers you 6% APR for 7 years. You have a down payment of $4,000. What is your monthly car payment? Round your answer to two decimal places. $375.52 $540:52 $578.95 $482.08 Alexander realizes that he has charged too much on his credit card and has racked up $6,000 in debt. If he can pay $225 per month and the credit card charges 18% APR (compounded monthly), how many months will it take him to pay off the debt? Use the exact answer from your calculation rounded to two decimal places. For your retirement, you have decided that you want to set up a perpetuity that will pay you $52,000 per year forever. If you can earn 6% per year during retirement, what is the present value of the perpetuity? Round your answer to the nearest dollar

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