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Question 2 Kyle wants to buy a car. They have $ 9 , 6 0 0 in trade - in value from their old car

Question 2
"Kyle wants to buy a car. They have
$9,600 in trade-in value from their old car
to use as a down payment. They have
been approved for a 5-year loan at a 7.6%
interest rate. The maximum they want to
spend each month is $770 and they
expect $220 per month in taxes,
insurance, fees, and maintenance. What is
the most they can afford to pay for their
next car?"
Question 3
"Edgar wants to buy a house. They have
$42,000 saved for a down payment. They
have been approved for a 30-year loan at
a 8.6% interest rate. The maximum they
want to spend each month is $1,390 and
they expect $500 per month in taxes,
insurance, fees, and maintenance. What is
the most they can afford to pay for a
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