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You have determined you can afford to pay $ 3 5 0 per month toward a new convertible sports car. You see an advertisement in

You have determined you can afford to pay $350 per month toward a new
convertible sports car. You see an advertisement in the paper for a bank loan at
the rate of 15% pa and you want to make monthly payments over the next 4
years.
i) How much can you borrow?

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