Question: phil can afford $240 a month for five years for a car loan. If the interest rate is 8.5 percent, how much can he afford

phil can afford $240 a month for five years for a car loan. If the interest rate is 8.5 percent, how much can he afford to borrow to purchase a car? show steps and formulas

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Phil can afford $240 a month for five years for a car loan. If the interest rate is 8.5 percent, how much can he afford to borrow to purchase a car?

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