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Auto financing lupe made a down payment of 2000 toward the

Auto Financing Lupe made a down payment of $2000 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 payment of $210/month for 36 months. What is the cash price of the car?

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Financial Management: Auto financing lupe made a down payment of 2000 toward the

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