Illustrate what is maximum price judy can pay for vehicle

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Q. Judy has $2,000 for a down payment on a vehicle also she can afford monthly payments of $400. She wants to finance a vehicle over no more than 4 years. If lenders are currently offering 6 percent interest on 5-year loans, illustrate what is the maximum price Judy can pay for a vehicle?

Reference no: EM1389267

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