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Hudson wants to buy a car for $20,500, but can only get a loan from the bank for $15,785. How much money does Hudson have to put down in order to pay for the car? Answer:

Hudson wants to buy a car for $20,500 \$ 20,500 , but can only get a loan from the bank for $15,785 \$ 15,785 . How much money does Hudson have to put down in order to pay for the car?\newlineAnswer:

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Q. Hudson wants to buy a car for $20,500 \$ 20,500 , but can only get a loan from the bank for $15,785 \$ 15,785 . How much money does Hudson have to put down in order to pay for the car?\newlineAnswer:
  1. Calculate Total Price: Determine the total price of the car.\newlineThe total price of the car is given as $20,500\$20,500.
  2. Determine Loan Amount: Determine the amount of the loan Hudson can get from the bank.\newlineThe loan amount Hudson can get from the bank is given as $15,785\$15,785.
  3. Calculate Down Payment: Calculate the down payment Hudson needs to make.\newlineDown payment = Total price of the car - Loan amount from the bank\newlineDown payment = $20,500\$20,500 - $15,785\$15,785\newlineDown payment = $4,715\$4,715

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