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Matthew wants to take out a loan to buy a car he calculates

Matthew wants to take out a loan to buy a car. He calculates that he can afford monthly payments of $450. If he can get a five-year monthly payment loan with an APR of 6.0%, which of the following is closest to the maximum price he can pay for the car?

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Finance Basics: Matthew wants to take out a loan to buy a car he calculates

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