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Mike and Cindy are buying a new car, but they are on a budget. The think that they can afford to pay $279 per month
- Mike and Cindy are buying a new car, but they are on a budget. The think that they can afford to pay $279 per month for 3 years, based on an annual interest rate of 5 percent. How much can they afford to borrow, given this information? (Show your answer to the nearest dollar)
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