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If sandy can afford car payments of $350 per month for 4 years, what is the price of a car that she can afford now? Assume an interest rate of 7.2 percent

If sandy can afford car payments of $350 per month for 4 years, what is the price of a car that she can afford now? Assume an interest rate of 7.2 percent
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If sandy can afford car payments of $350 per month for 4 years, what is the price of a car that she can afford now? Assume an interest rate of 7.2 percent

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User Llewellyn Collins
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5 votes
a car worth $104,160
answered
User Morotspaj
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8.4k points
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The present value of that series of payments is $14,559.59.
If sandy can afford car payments of $350 per month for 4 years, what is the price-example-1
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User MoonGoose
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