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4. [-14 points) DETAILS MY NOTES Wanda wants to take out a loan. Suppose she can afford to make monthly payments of 750 dollars and

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4. [-14 points) DETAILS MY NOTES Wanda wants to take out a loan. Suppose she can afford to make monthly payments of 750 dollars and the bank charges interest at an annual rate of 6 percent, compounded monthly. What is the maximum amount that Wanda could afford to borrow if the loan is to be paid off eventually? (Give your answer, in dollars, correct to the nearest dollar.) amount she can borrow

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