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Compute the rate of the most expensive car

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Question: TORI is planning to buy a car the maximum payment she can make is $3400 per year, and she can get a car loan at her credit union for 7% interest. Assume her payments will be made at the end of each year 1-4. of jenifa's old car can be traded in for $3325, which is her down payment, what is the most expensive car she can purchase?

Reference no: EM131688330

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