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Mr. Patrick wants to buy a car for $20,000. The bank will provide terms of 4 years at 8%. Mr. Patrick can afford a payment

Mr. Patrick wants to buy a car for $20,000. The bank will provide terms of 4 years at 8%. Mr. Patrick can afford a payment of up to $400 per month. Based on these terms, can Mr. Patrick afford to make the payments? Explain your answer.

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