Question: 50:48 6/1 FEEDBACK Content attribution QUESTION 6 . 1 POINT Ryan wishes to purchase a new boat and can afford monthly payments of up to

50:48 6/1 FEEDBACK Content attribution QUESTION 6 . 1 POINT Ryan wishes to purchase a new boat and can afford monthly payments of up to $600 per month. Finance is available, and the terms are that the loan lasts for 5 years and the annual interest rate is 13%. What is the maximum price for a boat that Ryan's budget can afford? Round your answer to the nearest hundred dollars. Do NOT round until you have calculated the final answer. Provide your answer below

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