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Walt Can Afford Monthly Car Payments of $140 for 3

Question 94

Multiple Choice

Walt can afford monthly car payments of $140 for 3 years,starting 1 month from now.The interest rate is 4.6 percent,compounded monthly.How much can he afford to borrow to buy a car?


A) $4,961.36
B) $4,717.32
C) $4,533.80
D) $5,333.88
E) $4,699.31

Correct Answer:

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