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    Exam 5: Making Automobile and Housing Decisions
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    Kurt Has $4,500 for a Down Payment and Thinks She
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Kurt Has $4,500 for a Down Payment and Thinks She

Question 1

Question 1

Multiple Choice

Kurt has $4,500 for a down payment and thinks she can afford monthly payments of $300.If he can finance a vehicle with a 7%,4-year loan,what is the maximum amount Kurt can afford to spend on the car?


A) $13,528
B) $14,400
C) $16,028
D) $17,028
E) $18,028

Correct Answer:

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