Question: You have saved $5,000 for a down payment on a new car. The largest monthly payment you can afford is $350. The loan will have

You have saved $5,000 for a down payment on a new

You have saved $5,000 for a down payment on a new car. The largest monthly payment you can afford is $350. The loan will have an 8% APR based ond-ofmonth payments. What is the most expensive car you can afford if you finance it for 48 months? Do not round intermediate calculations. Round your answer to the nearest cent. $ What is the most expensive car you can afford if you finance it for 60 months? Do not round intermediate calculations. Round your answer to the nearest cent. $

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