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QUESTION
You are looking to buy a car. You can afford $470 in monthly payments for four years. In addition to the loan, you can make a $1,200 down payment. If...
You are looking to buy a car. You can afford $470 in monthly payments for four years. In addition to the loan, you can make a $1,200 down payment. If interest rates are 7.50 percent APR, what price of car can you afford?
