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$ A homeowner planning a kitchen remodeling can afford a $500 monthly payment. How much can the homeowner borrow for 5 years at 9%, compounded

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A homeowner planning a kitchen remodeling can afford a $500 monthly payment. How much can the homeowner borrow for 5 years at 9%, compounded monthly, and still stay within the budget? (Round your answer to the nearest cent.) $ Need Help? Watch It

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