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Annuity Problem 9- E Rebecca has signed a note to purchase a...

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Accounting

Annuity
Problem 9- E
Rebecca has signed a note to purchase a used automobile. Her monthly payments, due at the end of each month for two and one-half years, are $300. The car dealer uses a 12% interest rate compounded monthly to determine the amount of her payments. What should Rebecca consider the value of her car to be?

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