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YO Phil can afford $240 a month for five years for a car loan. If...

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YO Phil can afford $240 a month for five years for a car loan. If the interest rate is 8.5 percent, how much can he afford to borrow to purchase a car? Multiple Choice $1,750.00 512 349.03 $1,69788 $10,26667 $10,40000

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