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Your car loan requires payments of $200/month the first year and $400/month the second year. The interest rate is 12% monthly compounded and payments are

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Your car loan requires payments of $200/month the first year and $400/month the second year. The interest rate is 12% monthly compounded and payments are made at the beginning of each month. How much is your car?

1. Your car loan requires payments of $200month the first year and $400 month the second year. The interest rate is 12% monthly compounded and payments are made at the beginning of each month. How much is your car? 10 Points

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