Wanda Wants To Take Out A Loan She Can Afford To Make Monthly Payments Of 200 Do

Wanda wants to take out a loan. She can afford to make monthly payments of 200 dollars and wants to pay the loan off after exactly 30 years.What is the maximum amount that Wanda can afford to borrow if the bank charges interest at an annual rate of 10 percent, compounded monthly?(Give your answer, in dollars, correct to the nearest dollar.)

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