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You are looking to buy a car and can afford to pay $195 per month. If the interest rate on a car loan is 0.78%

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You are looking to buy a car and can afford to pay $195 per month. If the interest rate on a car loan is 0.78% per month for a 60-month loan, what is the most expensive car you can afford to buy? The amount that you can afford is $. (Round to the nearest dollar.)

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