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You have decided to buy a used car. The dealer has offered you two options: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Pay $580 per month for 30 months and an additional $12,000 at the end of 30 months. The dealer is charging an annual interest rate of 24%. Make a one-time payment of $18,265, due when you purchase the car.
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You have decided to buy a used car. The dealer has offered you two options: (FV of $1, PV of $1, FVA...
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