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Suppose you want to buy a car. The dealer offers a financing package consisting of a 5.4% APR compounded monthly for a term of 4.5%.

Suppose you want to buy a car. The dealer offers a financing package consisting of a 5.4% APR compounded monthly for a term of 4.5%. Suppose that you want your monthly payments to be at most $800. What is the maximum amount that you should finance. Round the answer to the nearest dollar.

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