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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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