You kave saved $5,000 for a down payment on a new car. The iargest monthly...
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You kave saved $5,000 for a down payment on a new car. The iargest monthly payment you can afford is $500. The loan will have a 6% APR based on end-ofmonth payments, What is the most expensive car you can afford if you finance it for 48 months? For 60 months? Do rat rotind intermediate calculations. Round Your answers to the nearest cent. Financed for 48 monthss:-5 Financed for 60 months: $
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