Question: Please answer and show all steps A car is financed as follows: $2,000 as down-payment plus equal monthly payments at 8% angnual interest rate compounded

Please answer and show all steps

A car is financed as follows: $2,000 as down-payment plus equal monthly payments at 8% angnual interest rate compounded monthly for 3 years. Original price of the car was $14,000. It is expected that maintenance costs are going to be $600 in the first year increasing by $400 every year thereafter. Define the annual worth of this investment

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