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You have saved 3000 for a down payment on a new car the

You have saved $3,000 for a down payment on a new car. The largest monthly payment you can afford is $450. The loan would have a 11% APR based on end-of-month payments.

a. What is the most expensive car you could afford if you finance it for 48 months? Round your answer to the nearest cent.

b. For 60 months? Round your answer to the nearest cent.

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Finance Basics: You have saved 3000 for a down payment on a new car the

Reference No:- TGS0640753

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : The position of the object wire gauze on the meter stick is

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: You have saved 3000 for a down payment on a new car the

Reference No:- TGS0640753

Recent Questions Asked Finance Basics

Q : The position of the object wire gauze on the meter stick is

Q : The cables a and b exert forces fa and fb on the hook the

Q : How would you define the role of the police in our society

Q : Calculate the volume in liters of a 492 mol h2sg at 60

Q : You have saved 3000 for a down payment on a new car the

Q : A tensile test was performed on a metal specimen having a

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