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John makes a $350 monthly car payment, which is based on 24% interest, compounded monthly. i....

John makes a $350 monthly car payment, which is based on 24% interest, compounded monthly.

i. Determine the price of car that John bought if he made a down payment of $3,000 and financed the rest of the amount for 5 years.

ii. Determine the pay off at the time the 31st payment is due.

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