Question: Instructions Complete the following problems using either a financial calculator or a spreadsheet program. Do not use interim rounding, state your answers as positive values,

Instructions

Complete the following problems using either a financial calculator or a spreadsheet program. Do not use interim rounding, state your answers as positive values, to two decimal places for dollar or period values and four places for percentages stated as decimals; do not label answers with symbols such as $ or %. For example, 10.5% should be input as .1050.

Jacinda Herschel wants to buy a car and determines she can afford to pay $367.47 a month for a 3 year loan. The rate on such a loan is 0.0528. How much money can Jacinda borrow?

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