Problem

Revenue A car dealership’s finance department is going to receive payments of $300 per mon...

Revenue A car dealership’s finance department is going to receive payments of $300 per month for the next 60 months to pay for Bart’s car. The kth such payment has a present value of $300(1.0l)k. The sum of the present values of all 60 payments must equal the selling price of the car. Write an expression for the selling price of the car and evaluate it using your calculator.

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