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Mathematics, 01.11.2020 06:30 meeeekmill
You wish to purchase a new car, and can afford monthly repayments of up to $150 per month. You see a car you like for $6,000, and are offered financing to secure the purchase. The terms of the deal are that the loan lasts for 5 years, and the annual interest rate is 15.9%. Can you afford to purchase the car on finance?
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