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A car costing $ 55772 is purchased with a 25% down payment and further payments...

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Finance

A car costing $ 55772 is purchased with a 25% down payment and further payments of X at the end of every month for 10 years. The annual nominal interest rate is 14.3% convertible semi-annually. Calculate X. a. $646.74 b. $601.47 c. $632.73 d. $633.81 e. $645.64

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