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Phil can afford $240 a month for five years for a car loan. If the interest rate is 9.5 percent, how much can he afford

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Phil can afford $240 a month for five years for a car loan. If the interest rate is 9.5 percent, how much can he afford to borrow to purchase a car? $11,697.88 $12,348.03 O $11,427.56 0 $10,266.67 0 $10,400.00

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