Question: Henry has a $2,500 down payment and thinks he can make monthly payments of $400. If he can finance a car with a 3-year 8%

Henry has a $2,500 down payment and thinks he can make monthly payments of $400. If he can finance a car with a 3-year 8% loan, what is the maximum amount Henry can spend on the car?

Can you show all the steps and how to put into the financial calculator?

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