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You want to buy a car and need to see how big of a car loan you can afford. Your budget allows you to allocate
You want to buy a car and need to see how big of a car loan you can afford. Your budget allows you to allocate $188.71 per month for car loan payments. The bank will offer you a loan at 5% interest on an APR basis and monthly payments over five years. What is the amount of the loan you can afford? Use the $ symbol and round to the nearest dollar (no decimal places). Use commas in your answer if applicable.
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