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Matthew wants to take out a loan to buy a car. He calculates that he can make repayments of $3,500 per year. If he can

Matthew wants to take out a loan to buy a car. He calculates that he can make repayments of $3,500 per year. If he can get a four-year loan with an interest rate of 7.7%,

what is the maximum price he can pay for the car?

A. $18,672

B. $11,670

C. $14,004

D. $16,338

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