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What price of car can you afford

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You are looking to buy a car. You can afford $470 in monthly payments for four years. In addition to the loan, you can make a $1,200 down payment. If interest rates are 7.50 percent APR, what price of car can you afford? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Reference no: EM131843383

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