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In one year, your expenses of $ 5 0 , 0 0 0 are 9 1 % of your total income. You intend to use

In one year, your expenses of $50,000 are 91% of your total income. You intend to use the surplus as a down payment on a new car. The down payment must be at least 20% of the new cars purchase price.
How much can you afford to pay for the new car?

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