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Rick wishes to purchase a new car and can afford monthly payments of up to $300 per month. Finance is available and the terms are

Rick wishes to purchase a new car and can afford monthly payments of up to $300 per month. Finance is available and the terms are that the loan lasts for 5 years, and the annual interest rate is 7%. What is the maximum price for at car that Ryan's budget can afford? Round your answer to the nearest hundred dollars.

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