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Todd can afford to pay $405 per month for the next 7 years in order to purchase a new car. The interest rate is 7.1

Todd can afford to pay $405 per month for the next 7 years in order to purchase a new car. The interest rate is 7.1 percent compounded monthly. What is the most he can afford to pay for a new car today? $26,500.74 $26,747.48 $27,639.07 $43,902.70 $25,410.11

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