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Problem 1: You are trying to buy a car and can afford a monthly payment of $373. The bank has offered you a loan of $33,186 at a APR of 4.3%. They will charge you monthly and the loan term is 5 years. The dealership is charging you $22,801 for the car that you want. How much is your monthly payment? Can you afford the car that you want?

Reference no: EM132949843

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