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8.) Louis would like to buy a used car. He has saved up $4,000 for a down payment, and he thinks he will be able

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8.) Louis would like to buy a used car. He has saved up $4,000 for a down payment, and he thinks he will be able to take out a loan at the rate of 6% per year compounded monthly, and can afford to make monthly payments of $300/month for 48 months. What is the highest price Louis could afford to pay for a used car

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