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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 6% 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?

A Prius selling for $26,750.

A Mercedes-Benz for $29,900.

A Malibu selling for $22,140.

A Regal selling for $29,015.

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