Question: (1 point) Kim buys a car by putting a down payment of $1100 and monthly payments of $143 for the next 6 years. If the

(1 point) Kim buys a car by putting a down payment

(1 point) Kim buys a car by putting a down payment of $1100 and monthly payments of $143 for the next 6 years. If the interest rate is 11% compounded monthly, what is the value of the car today? Answer: $

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