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You can afford a car payment of $ 5 0 0 a month for 3 years. The interest rate is 9 % APR compounded monthly.

You can afford a car payment of $500 a month for 3 years. The interest rate is 9% APR compounded monthly. How much can you afford to borrow?
Select one:
A.20,576.36
B.18,000.00
C.20,730.68
D. Correct answer not shown
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