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Find the present value of this monthly annuity

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Reference no: EM132157064

Berkley Trucking recently purchased a new truck. The firm financed this purchase at 3.2 percent interest (monthly compounded) with monthly payments of $990. The debt will be paid off after 36 months. How much did the truck cost? That is, find the present value of this monthly annuity. Round your answer to the nearest cent.

Reference no: EM132157064

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