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You have arranged for a 60 month loan at 10.6% for a new car, but you can only afford $500 monthly payments. You are required
You have arranged for a 60 month loan at 10.6% for a new car, but you can only afford $500 monthly payments. You are required to make the first of your 60 payments today. What is maximum amount you can pay for the car (approximately)? O $23,209 $23,942 $23,414 $22,683 O $22,902
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