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Susan has just taken a loan of 4-years to buy a car. Based on her monthly budget, she can only afford car payments of $185
Susan has just taken a loan of 4-years to buy a car. Based on her monthly budget, she can only afford car payments of $185 a month for 48 months. If the interest rate on this loan is is 5.25 percent, how much maximum money can she afford to borrow?
$8,022.15
$7,899.60
$7,931.44
$7,993.88
$7,734.95
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