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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 and

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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 and your local credit union is willing to finance the vehicle for 4 years at 8%. What is the maximum loan amount that you can borrow? $16,384,77 $1.324.85 $4,875.65 $29,815.60

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