You just graduated and accepted the job of your dreams. You will be making $4,000 a month and renting an apartment that will cost you $950 a month. You have no other debt.

a) What amount can you afford for a car payment?

b) What amount can you afford for a car payment if you also have a student loan payment of $250 a month and credit card payments of $200 a month?

c) What could you do if you wanted to buy a more expensive car?