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You can afford to pay $500 per month toward a new car for the next four years. If the car company can loan you the

You can afford to pay $500 per month toward a new car for the next four years. If the car company can loan you the money for the car payment with the going interest rate at 1% per month for 48 months. How much you can borrow for the car?

Group of answer choices

A. $18,987

B. $18,775

C. $17,980

D. none of the above

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