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You are interested in purchasing a new automobile that costs $35,000. The dealership offers you a special financing rate of 6% APR (0.5%) per month for 48 months. Assuming that you do not make a down payment on the auto and you take the dealer's financing deal, then your monthly car payments would be closest to:

a. $647

b. $729

c. $842

d. $822

Use the following information to answer the question below.

Your great aunt Matilda put some money in an account for you on the day you were born. This account pays 8% interest per year. On your 21st birthday the account balance was $5,033.83.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91416982

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