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1 . 4 Looking at your budget, you think you can afford $ 2 5 0 ( cell C 1 5 ) a month for

1.4 Looking at your budget, you think you can afford $250(cell C15) a month for a payment. You would like to pay the car loan (cell C14) off in less than 60 months if possible. The dealership is running a promotion with a local credit union that offers you a 4.99% interest rate (cell C16) if you pay off the car in 42 months or less. Would you qualify for the promotion if you paid $250 a month for your car? Use the NPER function in cell C18 to calculate the number of payments you would make on your loan.
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