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Allison can afford $240 a month for five years for a car loan. If the interest rate is 8.5 percent, how much can she afford

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Allison can afford $240 a month for five years for a car loan. If the interest rate is 8.5 percent, how much can she afford to borrow to purchase a car? A. $10,400.00 B. $12,348.03 C. $11,750.00 OD. $11,697.88 E. $10,266.67

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