Mathematics, 20.06.2021 05:20 mardell2587
Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced.
You can get a car loan with a term of three years at an APR of 5%. If you can afford a monthly payment of $450, how much can you borrow? (Round your answer to the nearest cent.)
$
Answers: 3
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