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You are looking to buy a car and can afford to pay $200 per month. If the interest rate on a car loan is 0.73%

You are looking to buy a car and can afford to pay

$200

per month. If the interest rate on a car loan is

0.73%

per month for a

60-month

loan, what is the most expensive car you can afford to buy?

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Part 1

The amount that you can afford is

$enter your response here.

(Round to the nearest dollar.)

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