kwame is willing to pay $185 per month for four years for a car payment. if the interest rate is 4.9 percent per year, compounded monthly, and he makes a cash down payment of $2,500, what price car can he afford to purchase?

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07-10-2022
Business

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kwame is willing to pay $185 per month for four years for a car payment. if the interest rate is 4.9 percent per year, compounded monthly, and he makes a cash down payment of $2,500, what price car can he afford to purchase?

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