Determining the price of the car


You landed a new Accounting job and decide that you can't show up at your clients in an old clunker, so you start looking for a new car to purchase. El Monte Slim, the car salesmen, tells you that he can put you in a shiny new car for the low, low price of $618 per month for 3 years with a low interest rate of 12%. What is the price of the car?

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Accounting Basics: Determining the price of the car
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