. You are interested in buying a used car, one that is priced at $27,500....
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Accounting
. You are interested in buying a used car, one that is priced at $27,500. And, you know your maximum payment is $425 per month, but you refuse to divulge that to the salesperson even though they are pestering you for your maximum payment. With 100% financing and Ignoring sales tax, if interest rates over 60 months are at 3.75% per yr., what is the maximum price you can pay for the car in order to match your monthly payment parameter?
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