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You are getting ready to buy a car. After looking at your budget, you can afford monthly car payments of $ 4 5 0 per

You are getting ready to buy a car. After looking at your budget, you can afford monthly car payments of $

450

per month. The current

5

year auto loan has an APR of

6 % .

If you have no money for a down payment, what is the maximum price of a car that can you afford?

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