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4. Debbie wants to buy her own golf cart. She needs to finance the entire amount and can get a 1-year loan with an annual

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4. Debbie wants to buy her own golf cart. She needs to finance the entire amount and can get a 1-year loan with an annual interest rate of 12% compounded monthly. If the maximum monthly payment she can afford is $260, what is the most expensive golf cart she can purchase with the terms of this loan? a. $2785 b. $2926 C. $3120 d. $3495 12

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