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Looking at your current incomeyouve decided that you can

You are searching for a new car and not sure what you can afford. You've discovered that you can get a 60 month loan with a 5.24% annual interest rate that is compounded monthly.

Looking at your current income,you've decided that you can afford a $400 monthly car payment. What's the most expensive car that you can afford?

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Financial Management: Looking at your current incomeyouve decided that you can

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