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You want to buy a car and the salesperson offers, Buy this new car for $22,000 cash or, with an appropriate down payment, pay $213

You want to buy a car and the salesperson offers, "Buy this new car for $22,000 cash or, with an appropriate down payment, pay $213 per month for 60 months at 6.10% annual interest, compounded monthly." Calculate the "appropriate" down payment. a. $9,174 b. $9,220 c. $11,009 d. $7,823 e. $13,189

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