Question: (-/1 Points) DETAILS MY NOTES PRACTICE ANOTHER ASK YOUR TEACHER A homeowner planning a kitchen remodeling can afford a $100 monthly payment. How much can

(-/1 Points) DETAILS MY NOTES PRACTICE ANOTHER ASK YOUR TEACHER A homeowner planning a kitchen remodeling can afford a $100 monthly payment. How much can the homeowner borrow for 3 years at 9%, compounded monthly, and still stay within the budget? (Round your answer to the nearest cent.)

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