Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced. You...

can someone help me please

Extracted text: Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced. You can get a car loan with a term of three years at an APR of 5%. If you can afford a monthly payment of $25o, how much can you borrow? (Round your answer to the nearest cent.)