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You want to buy a new car, but you can make an initial payment of only $1,200 and can afford monthly payments of at most

You want to buy a new car, but you can make an initial payment of only $1,200 and can afford monthly payments of at most $850. If the APR on auto loans is 12% and you finance the purchase over 48 months, what is the maximum price you can pay for the car

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