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Determine price if payments are made at the beginning

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Reference no: EM132936948

Problem 1: To purchase a car of the year, 24 payments of $10,500 must be made each month, starting at the time the car is delivered (beginning of the period). The agency charges an annual interest rate of 30% capitalizable each month. You are asked to determine the price if the payments are made at the beginning of the term.

Reference no: EM132936948

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