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16. Problem 5.26 (PV and Loan Eligibility) eBook Problem Walk-Through You have saved $3,000 for a down payment on a new car. The largest monthly

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16. Problem 5.26 (PV and Loan Eligibility) eBook Problem Walk-Through You have saved $3,000 for a down payment on a new car. The largest monthly payment you can afford is $400. The loan will have a 12% APR based on end-of-month payments. What hit the most expensive car you can afford if you finance it for 48 months? For 6 months? Do not round intermediate calculations, Round your answers to the nearest cert Financed for 48 months: $ Financed for 6 months

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