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You can afford $500 monthly payments and you need to borrow $25,000 to buy the car you want. What is the highest annual interest rate

You can afford $500 monthly payments and you need to borrow $25,000 to buy the car you want. What is the highest annual interest rate you can afford if the loan term is 60 months? Select one: a. 6.20% b. 7.42% O c. 6.37% O d. 7.64%

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