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Auto FINANCING Lup made a down payment of $8000 toward the purchase of a new...

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Accounting

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Auto FINANCING Lup made a down payment of $8000 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 6%/year compounded monthly. Under the terms of her finance agreement, she is required to make payments of $420/month for 36 months. What is the cash price of the car

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