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After reviewing your budget, you can afford to pay $720 per month for a new car. You are looking for an amortized loan with

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After reviewing your budget, you can afford to pay $720 per month for a new car. You are looking for an amortized loan with a bank. The current market rate for car loans is 1% per month for 48 months. How much money can you borrow? Round to the nearest penny.

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