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Buying a car with a payment of $450 a month for 4 years with the payment occurring at the end of each month. In addition

Buying a car with a payment of $450 a month for 4 years with the payment occurring at the end of each month. In addition to the loan, you can make a $1,000 down payment. If interest rates you can get on an auto loan will be 5 percent APR compounded monthly, how much can you afford?

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