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You are buying a new car and deciding to finance it with a 5-year 6% loan. If you can afford no more than $800 monthly
You are buying a new car and deciding to finance it with a 5-year 6% loan. If you can afford no more than $800 monthly payment, and the price of the car is $48,999, what is your maximum out-of-pocket down payment as a percent of the vehicle price? a. 95.32% b. 15.55% c. 84.45% d. 4.68%
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