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A recent college graduate plans to buy a used car and can afford to make monthly payments of $330 for the next 48 months. If

A recent college graduate plans to buy a used car and can afford to make monthly payments of $330 for the next 48 months. If the best financing the college graduate can get from the bank is with an APR of 7.5% approximately how much money can he/she afford to borrow from the bank to buy the car?

A. $13,648

B. $17, 608

C. $18,406

D. $9,220

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