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You are borrowing money to buy a car. If you can make payments of $260 per month starting one month from now at an

You are borrowing money to buy a car. If you can make payments of $260 per month starting one month from now at an interest rate of 6%, how much will you be able to borrow for the car today if you finance the amount over 5 years? A. $13,449 B. $16,138 C. $8,069 D. $18,828

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