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Suppose Gwen wants to buy a car. The dealer offers a financing package consisting of a APR 2.7% compounded monthly for a term of 3
Suppose Gwen wants to buy a car. The dealer offers a financing package consisting of a APR 2.7% compounded monthly for a term of 3 years. Suppose Gwen wants her monthly payments to be at most $450. What is the maximum amount that she should finance??
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