Question: Suppose you have saved $3,000 for a down payment on a new car. The largest monthly payment you can afford is $300. The loan will

Suppose you have saved $3,000 for a down payment on a new car. The largest monthly payment you can afford is $300. The loan will have a 24% APR based on end-of-month payments. Using this information and a financial calculator, you want to determine the most expensive car you can afford if you finance it for 36 months

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