Solved: Tori is planning to buy a car the maximum payment she can, Microeconomics

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Tori is planning to buy a car the maximum payment she can

Question: TORI is planning to buy a car. the maximum payment she can make is $3400 per year, and she can get a car loan at her credit union for 7% interest. assume her payments will be made at the end of each year 1-4. of jenifa's old car can be traded in for $3325, which is her down payment, what is the most expensive car she can purchase?

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