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Can someone solve this for me? When the engine falls out of Rhonda's old car, it's time to shop for something newer. She is hoping
Can someone solve this for me?
When the engine falls out of Rhonda's old car, it's time to shop for something newer. She is hoping to keep her monthly payment at $130, and a loan will be 5% simple interest for 48 months with a $3000 down payment. Under these conditions, the most expensive car that Rhonda can afford is $8200.00. A salesman tries to convince Rhonda that she would be able to get a much better car if she raises the payment by just $20 per month. Part: 0/2 Part 1 of 2 (a) With her down payment of $3000, how much higher is the maximum price she can shop for if she adds $20 to the monthly payment? Round the answer to the nearest cent. The maximum price she can shop for increases by $Step by Step Solution
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