Question: Solve the problems below. Be sure to show your work. If you use the formula, be sure to write it out a long with each

Solve the problems below. Be sure to show your work. If you use the formula, be sure to write it out a long with each step.

You have reviewed your budget and determine that the most you can afford on a car loan is $455 per month. What is the most you can borrow if interest rates are 7% and you can pay the loan over 4 years?

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