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You want to buy a new car. You can make an initial payment of $4,500 and can afford monthly payments of at most $500. If

You want to buy a new car. You can make an initial payment of $4,500 and can afford monthly payments of at most $500. If the APR on auto loans is 3.8% and you finance the purchase over 48 months what is the maximum price you can pay for the car?

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