Kurt has $4,500 for a down payment and thinks he can afford monthly payments of $300.If Kurt can finance a vehicle with a 7%,4-year loan,what is the maximum amount he can afford to spend on the car?
A) $12,528
B) $14,400
C) $16,028
D) $17,028
E) $18,028

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The Answer of Kurt has $4,500 for a down payment and thinks he can afford monthly payments of $300.If Kurt can finance a vehicle with a 7%,4-year loan,what is the maximum amount he can afford to spend on the car?
A) $12,528
B) $14,400
C) $16,028
D) $17,028
E) $18,028

Kurt Has $4,500 for a Down Payment and Thinks He