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Assume you can afford $1,000 monthly car payment, how much car can you afford if the annual interest rate is 6% on 72-month loans? Question

Assume you can afford $1,000 monthly car payment, how much car can you afford if the annual interest rate is 6% on 72-month loans?

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$64,569.5$19,403.8$60,339.5$16,415.5

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