You can afford a $250 per month car payment. You've found a 4 year loan...

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Accounting

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You can afford a $250 per month car payment. You've found a 4 year loan at 3% interest. How big of a loan can you afford? You deposit $4000 each year into an account earning 5% interest compounded annually. How much will you have in the account in 25 years

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