Nathaniel wants to buy a car. They have $12,000 in trade-in value from their old car to use as a down payment. They have been approved for a 4-year loan at a 7.8% interest rate. The maximum they want to spend each month is $900 and they expect $250 per month in taxes, insurance, fees, and maintenance. What is the most they can afford to pay for their next car?

Answer rating: 100% (QA)

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