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You want to buy a new car. You can afford payments of $ 2 5 0 per month and can borrow the money at an

You want to buy a new car. You can afford payments of $250 per month and can borrow the money at an interest rate of 4.7% compounded monthly for 5 years.
How much are you able to borrow?
$
How much interest do you pay?
$

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