Question:
You purchase an RV by making a down payment of $10,800. The
Last updated: 8/10/2022
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You purchase an RV by making a down payment of $10,800. The terms of your finance agreement have an annual interest rate of 2.66%, compounded monthly, and require you to make 36 monthly payments of $1,496.75 each. What is the cash price (in dollars) of your RV? (Round your answer to the nearest dollar.)