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A car is purchased and then financed with quarterly payments (made at the end of every three months) of $750 with a nominal annual
A car is purchased and then financed with quarterly payments (made at the end of every three months) of $750 with a nominal annual rate of 2.11% compounded annually. What is the purchase price of the vehicle if the financing term is 3 years? State your final answer in dollars ($) with two (2) decimal places. Answer:
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
