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If Peter can afford car payments of S255 per month for 4 years, what is the price of a car that he can afford now?

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If Peter can afford car payments of S255 per month for 4 years, what is the price of a car that he can afford now? Assume an annual interest rate of 11%. Round your answer to the nearest cent. (Remember, do not round until the end) (Type the number with no comma or dollar sign. For example: 25634.10)

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