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7. (12 points) T-Bo wants to buy a car so he can start a delivery service at the Groovy Smoothie. The accountant at the restaurant

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7. (12 points) T-Bo wants to buy a car so he can start a delivery service at the Groovy Smoothie. The accountant at the restaurant says that they can only afford a monthly payment of about $650. If T-Bo plans to finance the car over 5 years at an APR of 5.4%, what is the maximum amount he can pay for a car

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