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Todd is able to pay $160 a month for 5 years for a car. If the interest rate is 5.4 percent, how much can Todd

Todd is able to pay $160 a month for 5 years for a car. If the interest rate is 5.4 percent, how much can Todd afford to borrow to buy a car? $7,332.88 $9,600.00 $8,448.00 $8,396.73 $8,564.66

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