Question: You are buying your first car with a 20% down payment. You have arranged to finance the remaining amount (80% of the price) with a

You are buying your first car with a 20% down payment. You have arranged to finance the remaining amount (80% of the price) with a 5year loan with a 3.6% nominal interest rate and equal monthly payments of $ 306.37. What is the price of the car? Group of answer choices $22,000 $21,000 $21,500 $20,500

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