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You would like to purchase a new car and need to finance it with an car loan. You're comfortable making a $400 monthly payment

You would like to purchase a new car and need to finance it with an car loan. You're comfortable making a

You would like to purchase a new car and need to finance it with an car loan. You're comfortable making a $400 monthly payment and your local credit union is willing to finance the vehicle for 6 years at 10%. What is the maximum loan amount that you can borrow?

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