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Rasheed can afford a monthly car payment of $500 for 6 years at an annual interest rate of 5 percent. Which of the following is

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Rasheed can afford a monthly car payment of $500 for 6 years at an annual interest rate of 5 percent. Which of the following is closest to the amount he will be able to borrow for a new car? Remember, loans are END of period. O A. $36.000 OB. $31,046 O c. $41,882 OD $31,176

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