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12. You are looking to buy a car, ideally a Texas edition Silverado. You can afford $600 in monthly payment for five (5) years. In

12. You are looking to buy a car, ideally a Texas edition Silverado. You can afford $600 in monthly payment for five (5) years. In addition to the loan, you can make a $1,500 down payment. If interest rates are four (4) percent APR, what price of a car can you afford?

Group of answer choices

A. $33,149.49

B. $36,348.62

C. $34,079.44

D. $34,649.49

E. $31,500.00

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