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Matthew wants to take out a loan to buy a car. He calculates that he can make repayments of $5,300 per year. If he can

Matthew wants to take out a loan to buy a car. He calculates that he can make repayments of $5,300 per year. If he can get a six-year loan with an interest rate of 7.5%, what is the maximum price he can pay for the car?

a.) 34,828

b.) 29,852

c.) 24,877

d.) 39,803

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