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Compute present value of the car payments

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A car dealership offers you no money down on a new car. You may pay for the car for 6 ears by equal monthly end-of-the month payments of $799 each, with the first payment to be made one month from today. If the discount annual rate is 11.25 percent compounded monthly, what is the present value of the car payments

Reference no: EM132671463

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