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Qu. 4 Todd can afford to pay $415 per month for the next 6 years in order to purchase a new car. The interest rate

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Qu. 4 Todd can afford to pay $415 per month for the next 6 years in order to purchase a new car. The interest rate is 7.00 percent compounded monthly. What is the most he can afford to pay for a new car today? TIP: APV=C x PVIFA(1, t) A. $24,137.13 B. $23,868.97 C. $24,941.70 D. $22,930.27 E. None

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