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18. Matthew wants to take out a loan to buy a car. He calculates that he can make repayments of $5000 per year. If he
18. Matthew wants to take out a loan to buy a car. He calculates that he can make repayments of $5000 per year. If he can get a four-year loan with an interest rate of 7.9%, what is the maximum price he can pay for the car? A) $16,598 B) $19,918 C) $23,237 D) $26,557
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