Question: Pascal can afford to pay $ 1 7 0 a month for 5 years for a car loan ( first payment due one month after

Pascal can afford to pay $170 a month for 5 years for a car loan (first payment due one month after purchase). If the interest rate on the loan is 5.3 percent compounded monthly, how much can he afford to borrow to purchase a car?
Pascal can afford to pay $170 a month for 5 years

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