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Jasica
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Accounting Homework Help

suppose that you buy a car which requires that you make thefirst payment on the day that you buy it in order to drive it offthe lot. The payments are $475 per month. What was the stickerprice of the car if the monthly interest rate is 1.5% (periodicrate) and it takes 4 years (48 months) to pay off the car?

A. 33043.48

B. 33539.13

C. 16170.21

D.16412.77

E.None of Above

Please explain in steps!

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16 Oct 2017

Due Date: 16 Oct 2017

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