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Question 4 (10 points) Dan is considering the purchase of a new car. He can afford a monthly payment of at most $350. If the
Question 4 (10 points) Dan is considering the purchase of a new car. He can afford a monthly payment of at most $350. If the manufacturer is offering financing at the rate 4.2% compounded monthly for a 48-month loan with zero down, a) what is the most expensive car that Dan can afford? Have two digits after decimal in your answer. b) Determine the amount of interest he would have paid for the loan at the end of 4 years. Have two digits after decimal in your
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