Question: You can afford a 2000 dollar down payment and a 400 a month to get a car. You are given a loan rate of 12%.

You can afford a 2000 dollar down payment and a 400 a month to get a car. You are given a loan rate of 12%. How expensive of a car can you afford if you finance it for 60 months?

A) 19982.02

B) 24000.00

C) 18245.95

D) None

Please show work just using a calculator not excel

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