What price of car can you afford

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Reference no: EM132012047

You are looking to buy a car. You can afford $670 in monthly payments for five years. In addition to the loan, you can make a $770 down payment. If interest rates are 8.50 percent APR, what price of car can you afford? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value $

Reference no: EM132012047

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