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What is the cash price of the car

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Reference no: EM131556407

Question: AUTO FINANCING Lupé made a down payment of $4000 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 12%/year compounded monthly. Under the terms of her finance agreement, she is required to make payments of $420/month for 36 mo. What is the cash price of the car?

Reference no: EM131556407

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