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4. Alyn can afford annual car payments of $1,000 each for 3 years. How much can Alyn spend on a car, assuming an 8% interest

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4. Alyn can afford annual car payments of $1,000 each for 3 years. How much can Alyn spend on a car, assuming an 8% interest rate? 5. You borrowed $5,000 from me 4 years ago. l am charging you 8% interest. How much cash do you need today to pay off the obligation

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