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Suppose you want to buy a car today. If you can afford payments of $214 per month and want to pay the loan back over

Suppose you want to buy a car today. If you can afford payments of $214 per month and want to pay the loan back over the next 4 years. Assuming no down payment is required, how much can you borrow if the bank will charge you an annual percentage rate of 5% APR? (Work out the problem on a separate sheet of paper before entering the answer.) (Round up your answer to a whole number)

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