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You want to buy a new car, but you can make an initial payment of only $1876 and can afford monthly payments of at most

You want to buy a new car, but you can make an initial payment of only $1876 and can afford monthly payments of at most $447. If the interest rate is 4.2 percent per year compounded monthly and you finance the purchase over 60 months, what is the maximum price you can pay for the car? 23015.22 21911.42 22996.66 26029.13 20969.87

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