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(Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH) 26. You have saved $4,000 for a down

(Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH)

26. You have saved $4,000 for a down payment on a new car. The largest monthly payment you can afford is $350.

The loan will have a 12% APR based on end-of-month payments.

What is the most expensive car you can afford if you finance it for 48 months? For 60 months?

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