Question: You would like to purchase a car with a list price of $30,000, and the dealer offers financing over a five-year period at 8%. If

You would like to purchase a car with a list price of $30,000, and the dealer offers financing over a five-year period at 8%. If repayments are to be made annually, what would your annual payments be? Show calculations using three methods (tables, financial calculator, and Excel).

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