Lupe made a down payment of $2300 toward the purchase of a new car. To...
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Finance
Lupe made a down payment of $2300 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 12% year compounded monthly. Under the terms of her finance agreement she is required to make payments of $230/month for 36 months. What was the cash price of the car? (Round your answer to the nearest cent.)
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