Question: John is looking for a new car. He has a down payment of $1,250.00 and wants to pay $200.00 per month for 3 years. The

John is looking for a new car. He has a down payment of $1,250.00 and wants to pay $200.00 per month for 3 years. The best deal he found for an amortized loan is his local bank, at a rate of 2.45%. What is the highest price car he should consider buying

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