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Upon graduation, Pat plans to purchase a new car. Pat has calculated that the largest monthly payment they can afford is $300 per month. If

Upon graduation, Pat plans to purchase a new car. Pat has calculated that the largest monthly payment they can afford is $300 per month. If they are able to obtain a car loan for 60 months with an APR of 6% compounded monthly, how much can Pat borrow? (Round to the nearest dollar.)

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