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You want to purchase a sport car that costs $32,500. You want to finance as much of the purchase as possible with a 6-year bank

You want to purchase a sport car that costs $32,500. You want to finance as much of the purchase as possible with a 6-year bank loan with an APR of 6.25%. You can afford loan payments of $405 per month. How much will you need as a down payment to buy the sport car?

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