Terry Brown purchases a used car and agreed to pay $200 per month for two-and-a-half years with the first payment due at the end of the first month.What was the purchase price of the car assuming an annual rate of 12%?

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The Answer of Terry Brown purchases a used car and agreed to pay $200 per month for two-and-a-half years with the first payment due at the end of the first month.What was the purchase price of the car assuming an annual rate of 12%?

Terry Brown Purchases a Used Car and Agreed to Pay