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Walt can afford monthly car payments of $175 for five years, starting one month from now. The interest rate is 4.9 percent, compounded monthly. How

Walt can afford monthly car payments of $175 for five years, starting one month from now. The interest rate is 4.9 percent, compounded monthly. How much can he afford to borrow to buy a car?

$6,961.36$8,499.13$8,533.8$9,295.92$9,333.88

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