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9) Sue can afford $500 a month for 3 years for a car loan. If the interest rate is 4 percent compounded monthly, how much

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9) Sue can afford $500 a month for 3 years for a car loan. If the interest rate is 4 percent compounded monthly, how much can he afford today to borrow to purchase a car? (NOTE: show results and show calculations used in financial calculator-which formula and the inputs into TVM Solve/Grid below) In Finance calculator- TVM Solver- show your inputs and then output Page 519 Values Entered (inputs) END PMT: END or BGN PV P/N PMT FV Solve for -output 1 fleld

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