Question $3(8$ points$)$

Do not do any interim rounding, state your answer to $2$ decimal places, do not label your answer $($$$,\%,$ etc.$).$

Jacinda Herschel wants to buy a car and determines she can afford to pay $$295\mathrm{.}70$ a month for a $5-$year loan. The rate on her loan would be $5\mathrm{.}35\%.$ How much can Jacinda borrow?

Your Answer