1. Rob wants to purchase a car. The interest rate on the loan is 4.2%...
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1. Rob wants to purchase a car. The interest rate on the loan is 4.2% , and interest is compounded monthly. Rob can afford a maximum monthly payment of $195and the loan duration is for 4 years (48 months). If this is the case, what is the maximum amount Rob can get for his car loan to purchase a car
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