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Your current vehicle is no longer mechanically sound and you need to replace it. Your income will support a $350 monthly payment and you plan

Your current vehicle is no longer mechanically sound and you need to replace it. Your income will support a $350 monthly payment and you plan to finance the purchase for48 months. The dealer is offering an ' annual interest rate of 1.99 percent and you will make a $5,000 down payment at the time of purchase.



Calculate the maximum amount you can afford to pay (negotiated price) for the vehicle?

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