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I can afford a $450 per month car payment. The bank gives me a 3 year loan at 7%. How big a loan can

I can afford a $450 per month car payment. The bank gives me a 3 year loan at 7%. How big a loan can I get? (Hints: This is a loan! Use the payout annunity formula or your calculator. You are looking for the Present Value. The Future Value will be zero, because you want to pay off the loan at the end of the 3 years.) Answer to the nearest cent. Do not put in a % sign.

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