You agree to purchase a car for $3,000(paid today) plus a loan in the amount...
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Finance
You agree to purchase a car for $paid today plus a loan in the amount of $ payable over months at a contractual rate of interest of Your payments will be due monthly, at the end of the month. The competitive price of the car is $ and your personal competitive market rate of interest for the risks you pose as a borrower is
How much value did you destroy in the transaction? In other words, by how much did you overpay?Show your answer in dollars and cents; do not round interim calculations; if you come up with a negative amount, show with a minus sign
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