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Todd can afford to pay $355 per month for the next 6 years in order to purchase a new car. The interest rate is 6.1
Todd can afford to pay $355 per month for the next 6 years in order to purchase a new car. The interest rate is 6.1 percent compounded monthly. What is the most he can afford to pay for a new car today?
Multiple Choice
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$21,113.21
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$22,071.62
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$21,359.64
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$30,771.10
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$20,291.65
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