Kate earns an annual salary of $86,000 and rents a condo for $1,650 per month....
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Kate earns an annual salary of $ and rents a condo for $ per month. She has a student loan with a monthly payment of $ She is considering the purchase of a new vehicle and current financing for new vehicles have a market interest rate of for a year loan. The lender that she is considering using requires a backend ratio of She has saved $ that she would like to put down on the purchase of the vehicle. What is the maximum vehicle cost she can afford?
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