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What is the highest price he can afford to pay for a car

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Tian can afford to put a down payment of $10,000 on a car. He can also afford to make monthly payments of $348.52 at the end of each month for the next five years. If Tian is quoted an annual interest rate of 3.49%, what is the highest price he can afford to pay for a car?

Reference no: EM133069643

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