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Will can afford $225.00 monthly car payments on a 4 year loan. His bank is...

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Will can afford $225.00 monthly car payments on a 4 year loan. His bank is offering a 7% interestrate on new car loans for 48 months. What is the largest loan he can afford?

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Transcribed Image Text

Will can afford $225.00 monthly car payments on a 4 year loan. His bank is offering a 7% interestrate on new car loans for 48 months. What is the largest loan he can afford?

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