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You are looking to buy a car. You can afford $640 in monthly payments for five years. In addition to the loan, you can make

You are looking to buy a car. You can afford $640 in monthly payments for five years. In addition to the loan, you can make a $740 down payment. If interest rates are 8.25 percent APR, what price of car can you afford? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Present value $

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