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Patricia finances a $49,100 car with annual payments at a 3.10% interest rate over 8...

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Accounting

Patricia finances a $49,100 car with annual payments at a 3.10% interest rate over 8 years, at which time the car will have zero value. If she wants to sell the car in 2 years, how much does she need to sell the car for to break even?

a.$6,955

b.$42,145

c.$5,655

d.$51,838

e.$37,925

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