Question: Todd is able to pay $160 a month for five years for a car. If the interest rate is 4.9%, how much can Todd afford

Todd is able to pay $160 a month for five years for a car. If the interest rate is 4.9%, how much can Todd afford to borrow to buy a car? A. $6,961.36 B. $8,499.13 C. $8,533.84 D. $8,686.82 E. $9,588.05

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