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Jean is buying a new sailing boat. She can afford $1600 monthly payments. If the store charges 6.7% interest rate, compounded monthly, and Jean wants

Jean is buying a new sailing boat. She can afford $1600 monthly payments. If the store charges 6.7% interest rate, compounded monthly, and Jean wants to pay off her loan in 6 years. Use Excel to determine what the largest loan she can get with these terms. Express your answer rounded to the nearest cent

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