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You want to buy a new car. After carefully going over your budget, you found that you can afford to pay $650 per month for

You want to buy a new car. After carefully going over your budget, you found that you can afford to pay $650 per month for 60 months for a car loan. If the Annual percentage rate (APR) on the loan is 3.99% per year, how much can you borrow now?

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