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You are looking to buy a car. You can afford $ 4 8 0 in monthly payments for four years. In addition to the loan,

You are looking to buy a car. You can afford $480 in monthly payments for four years. In addition to the loan, you can make a $1,300 down payment. If interest rates are 7.75 percent APR, what price of car can you afford (loan plus down payment)?

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