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Mr. Moore wants to purchase a new car. He knows that he can afford to pay $4,720 per year and that his bank will charge
Mr. Moore wants to purchase a new car. He knows that he can afford to pay $4,720 per year and that his bank will charge him 8% interest on the car loan. He intends to pay off the car in 8 years. Interest will be compounded annually. Of the following, which is the most expensive vehicle in his price range that he could consider?
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