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What trade-in value would you need to negotiate

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Reference no: EM132130220

Question - You would like to purchase a car with a list price of $30,000, and the dealer offers financing over a five-year period at 8%. If you decide to trade in your current car to help reduce the amount of financing required, what trade-in value would you need to negotiate to ensure your annual payment is $6,000? (Use a financial calculator).

Reference no: EM132130220

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