Question: Sarah has saved $3,000 for a down payment on a car. She has determined that she can afford a monthly payment up to $350 per

Sarah has saved $3,000 for a down payment on a car. She has determined that she can afford a monthly payment up to $350 per month for an auto loan. Her credit union has quoted her a 6% rate on a 60-month car loan. What is the maximum amount Sarah can afford to finance? (Round to the nearest $100.)

$17,900

$21,100

$18,100

$14,900

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