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Suppose Gwen wants to buy a car. The dealer offers a financing package consisting of a 2.4% APR compounded monthly for a term of 4
Suppose Gwen wants to buy a car. The dealer offers a financing package consisting of a 2.4% APR compounded monthly for a term of 4 years. Suppose Gwen wants her monthly payments to be at most $410. What is the maximum amount that she should finance?
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