Question: You have saved $3000 for a down payment on a car. The largest monthly payment you can afford is $430. The loan will have a

You have saved $3000 for a down payment on a car. The largest monthly payment you can afford is $430. The loan will have a 5% APR based on end of month payments. What is the most expensive car you can aforrd if you finance is for 48 months?

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