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Jerry wants to buy a new car. He has $1,500 for a down payment, and he estimates that he can afford to make a loan

Jerry wants to buy a new car. He has $1,500 for a down payment, and he estimates that he can afford to make a loan payment of up to $250 per month. Current car loan rates are at 6 percent for 30-month loans. (Round answers to 0 decimal places, e.g. 5,275.) Collapse question part (a) How much can Jerry borrow for a loan payment of $250?

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