You have saved $4,000 for a down payment on a new car. The largest monthly...
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Finance
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 10% APR based on end-of-month payments.
What is the most expensive car you could afford if you finance it for 48 months? Round your answer to the nearest cent. $
What is the most expensive car you could afford if you finance it for 60 months? Round your answer to the nearest cent.
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