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Kwame is willing to pay $ 1 8 5 per month for four years for a car payment. If the interest rate is 4 .

Kwame is willing to pay $185 per month for four years for a car payment. If the interest
rate is 4.9 percent per year, compounded monthly, and he makes a cash down payment of
$2,500, what price car can he afford to purchase?
A) $10,961.36

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