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Business, 09.12.2021 03:10 montecillolinda

You have just purchased a new car, making a down payment of $17,600 and financing the balance of the purchase cost on an installment credit plan. According to the credit agreement, you will pay $1,760 per month for a period of 48 months. If the credit agreement is based on a monthly interest rate of 1 percent, what is the cost of the car? Note: Round your answer to the nearest whole dollar.

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