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Walt can afford monthly car payments of $140 for 3 years, starting 1 month from now. The interest rate is 4.6 percent, compounded monthly. How

Walt can afford monthly car payments of $140 for 3 years, starting 1 month from now. The interest rate is 4.6 percent, compounded monthly. How much can he afford to borrow to buy a car? Multiple Choice $4,961.36 $4,717.32 $4,533.80 $5,333.88 $4,699.31

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