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Sam Can Afford to Pay $450 a Month for a New

Question 5

Multiple Choice

Sam can afford to pay $450 a month for a new car.The bank will give her a 60 month,6% annual rate loan with no down payment.Approximately how much can she afford to borrow?


A) $23,276
B) $7,272
C) $17,015
D) $32,090

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