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Suppose you are looking for a loan to buy a barn. If you can afford a payment of $442 per month and want to pay
Suppose you are looking for a loan to buy a barn. If you can afford a payment of $442 per month and want to pay the loan off over the next 6 years, how much can you borrow, if the bank will charge you an interest rate of 5% APR? (Round your answer to two decimal point)
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