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Phil can afford $170 a month for 6 years for a car loan. If the interest rate is 5.4 percent compounded monthly, how much can

Phil can afford $170 a month for 6 years for a car loan. If the interest rate is 5.4 percent compounded monthly, how much can he afford to borrow to purchase a car?

rev: 10_26_2013_QC_37910

$10,643.83

$12,240.00

$10,771.20

$10,435.12

$8,859.02

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