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Question 5 Steven can afford car payments of $250 a month for 60 months. Assuming that the payment will be made at the end of

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Question 5 Steven can afford car payments of $250 a month for 60 months. Assuming that the payment will be made at the end of each month. The bank will lend him this money at an interest of 6 percent a year, compounded monthly. How much can Steven borrow

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