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You want to buy a new car, but you can make an initial payment of only $2,200 and can afford monthly payments of at most

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You want to buy a new car, but you can make an initial payment of only $2,200 and can afford monthly payments of at most $450. a. If the APR on auto loans is 12% and you finance the purchase over 48 months, what is the maximum price you can pay lor the car? b. How much can you afford if you finance the purchase over 60 months

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