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Instructions Complete the following problems using either a financial calculator or a spreadsheet program. Do not use interim rounding, state your answers as positive values,
Instructions | Complete the following problems using either a financial calculator or a spreadsheet program. Do not use interim rounding, state your answers as positive values, to two decimal places for dollar or period values and four places for percentages stated as decimals; do not label answers with symbols such as $ or %. For example, 10.5% should be input as .1050. |
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Jacinda Herschel wants to buy a car and determines she can afford to pay $105.88 a month for a 3 year loan. The rate on such a loan is 0.0738. How much money can Jacinda borrow?
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