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What is the most expensive car can afford

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Problem 1: PV AND LOAN ELIGIBILITY You have saved $4,000 for a down payment on a new car. The largest monthly payment you can afford is $350. The loan will have a 12% APR based on end of month payments. What is the most expensive car you can afford if you finance it for 48months? For 60 months?

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Reference no: EM132660459

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