Walt can afford monthly car payments of $175 for five years,starting one month from now.The interest rate is 4.9 percent,compounded monthly.How much can he afford to borrow to buy a car?
A) $6,961.36
B) $8,499.13
C) $8,533.8
D) $9,333.88
E) $9,295.92 
Correct Answer:
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