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Posted on Aug 09, 2024

Raymond has $ 2 , 5 0 0 for a down payment and thinks he can afford monthly payments of $ 4 0 0 .

Raymond has $

2, 500

for a down payment and thinks he can afford monthly payments of $

400 .

If he can finance a vehicle with a

6 %, 5 -

year loan from Digital Credit Union

(

DCU

),

what is the maximum loan amount Raymond can afford?

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