You want to buy a new car. You can make an initial payment of $ 3 ,

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Question:

You want to buy a new car. You can make an initial payment of $

3, 500

and can afford monthly payments of at most $

450 .

If the APR on auto loans is

5.99 %

and you finance the purchase over

60

months, what is the maximum price you can pay for the car?

Posted Date: May 18, 2024 10:12 PM

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