Assume that your maximum monthly allowance for car payment is $450 and other car dealer offers college
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Question:
Assume that your maximum monthly allowance for car payment is $450 and other car dealer offers college students of summer promotion deal of 0.9% nominal interest rate for all new cars with this car dealer what would be the highest price car you can afford if you plan to finance it over a 15 month. with a down payment of $3,000?
A) $25,075
B) $26,281
C) $27.635
D) $22.975
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