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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 $300 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 $300 monthly payment and your local credit union is willing to finance the vehicle for 5 years at 11%. What is the maximum loan amount that you can borrow? $19,549.80 $1,108.77 $13,797.91 $2,722.07

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