Question: T or F question. Explain why True and false both in 3 sentences. Henry has $2,500 for a down payment and thinks he can afford

T or F question. Explain why True and false both in 3 sentences.

Henry has $2,500 for a down payment and thinks he can afford monthly payments of $400 to be paid at the end of each month. If he can finance a vehicle with an 8%, 3-year loan, the maximum amount Henry can spend on the car is $15,265 (correct to the nearest integer).

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