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Matthew wants to take out a loan to buy a car. He calculates that he can afford payments of $600 per month. He can get
Matthew wants to take out a loan to buy a car. He calculates that he can afford payments of $600 per month. He can get a five-year monthly payment loan with a monthly APR of 6.48%. If he has $1,000 saved for a down payment, what is the maximum price he can pay for the car? Round you answer to the nearest dollar
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