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Business, 27.02.2020 01:54 alextoro

2. The salesperson offers, "Buy this new car for $25,000 cash or, with appropriate down payment, pay $500 per month for 48 months at 8% interest." Assuming that the salesperson does not offer a free lunch, calculate the "appropriate" down payment. A. $8,000.00 B. $4,520.64 C. $5,127.24 D. $1,000.00

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