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Dan is contemplating trading in his car for a new one. He can afford a monthly payment of at most $ 5 0 0 .
Dan is contemplating trading in his car for a new one. He can afford a monthly payment of at most $ If the prevailing interest rate is year compounded monthly for a month loan, what is the most expensive car that Dan can afford, assuming that he will receive $ for his tradeinRound your answer to the nearest cent.
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