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Matthew wants to take out a loan to buy a car. He calculates that he can make repayments of $5,000 per year. If he can

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Matthew wants to take out a loan to buy a car. He calculates that he can make repayments of $5,000 per year. If he can get a five-year loan with an interest rate of 7%, what is the maximum price he can pay for the car? O A. $28,701 OB. $24,601 O C. $32,802 OD. $20,501

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