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16. Problem 5.26 (PV and Loan Eligibility) eBook Problem Walk Through You have saved $5,000 for a down payment on a new car. The largest

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16. Problem 5.26 (PV and Loan Eligibility) eBook Problem Walk Through You have saved $5,000 for a down payment on a new car. The largest monthly payment you can afford is $500. The loan will have a 99 APR based on end of month pay you finance it for 48 months? For 60 months? Do not round Intermediate calculations. Round your answers to the nearest cent. Financed for 48 months: 8 Financed for 60 months: $ 80:21 x igibility) Problem Walk-Through wment on a new car. The largest monthly payment you can afford is $500. The loan will have a 996 APR based on end-of-month payments. What is the most be car you can onths? Do not round intermediate calculations. Round your answers to the nearest cent

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