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What is the total amount of money that someone would pay if they financed (i.e, borrowed the money) a $30,000 car over 72 months? The nominal annual interest rate is 12% per year compounded monthly (i.e., monthly payments).

You MUST use the compounding tables and show your factor notation or you will not receive credit. It may also help for you to draw a cash flow diagram.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92323959

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