Question: 13 Problem 5-26 Present Value (LG5-4) 5 points You are looking to buy a car. You can afford $600 in monthly payments for five years.

13 Problem 5-26 Present Value (LG5-4) 5 points You are looking

13 Problem 5-26 Present Value (LG5-4) 5 points You are looking to buy a car. You can afford $600 in monthly payments for five years. In addition to the loan, you can make a $700 down payment. If interest rates are 9.25 percent APR, what price of car can you afford (loan plus down payment)? (Do not round intermediate calculations and round your final answer to 2 decimal places.) eBook Hint Present value Print References

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