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Matthew wants to take out a loan to buy a car. He calculates that he can make repayments of $5000 per year. If he can

Matthew wants to take out a loan to buy a car. He calculates that he can make repayments of $5000 per year. If he can get a four-year loan with an interest rate of 7.9%, what is the maximum price he can pay for the car? $19.918 $26.557 516,598 $23.237

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