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14. Your college student needs a gently-used car and you believe you can afford $250 a month for a 5-year car loan with no money

14. Your college student needs a gently-used car and you believe you can afford $250 a month for a 5-year car loan with no money down. If the interest rate on a used-car loan is 4.5% percent, what is the maximum price for the car you can afford?

Please include the formula

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