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 car. The largest monthly payment you can afford is $350. The loan will have a 9% APR based on end-of-month payments. What is the most expensive car you can afford if you finance it for 48 months? Do not round intermediate calculations.

Group of answer choices $14,065 $13,054 $19,065 $22,032

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