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March 30, 2017

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Forrest purchased a car for $20,640. He made a down payment of $2,440. He applied for a five-year installment loan with an interest rate of 10.4%. What is the total cost of the car after five years?

  • financial alg - ,

    20,640 - 2440 = 18,200

    I = 18,200 * .104 * 5

    I = 9,464

    18,200 + 9,464 + 2,440 = ?

  • financial alg - ,

    i got 30104, this is still not any of the answer choices....

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