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11. Looking at the payment, you realize that you can't afford that much each month. Being practical, you know that you can only afford
11. Looking at the payment, you realize that you can't afford that much each month. Being practical, you know that you can only afford to pay $400 per month for the car payment. If the dealer will finance at 5.1% interest for 6 years, what is the maximum loan amount that you can afford?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
