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Dan is contemplating trading in his car for a new one. He can afford a monthly payment of at most $600. If the prevailing interest

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Dan is contemplating trading in his car for a new one. He can afford a monthly payment of at most $600. If the prevailing interest rate is 2.6%/year compounded monthly for a 48-month loan, what is the most expensive car that Dan can afford, assuming that he will receive $9000 for his trade-in? (Round your answer to the nearest cent.) $ 39,316.33 x

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