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Question 25 (7 points) Steve is trying to decide how much to spend on a new car. He has determined he can afford car payments

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Question 25 (7 points) Steve is trying to decide how much to spend on a new car. He has determined he can afford car payments of $250 a month for 5 years. If the bank will lend him money at 9.6% (compounded monthly), what size loan should he get? $14,251.26 $10,688.45 $11,876.05 $13,063.66

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