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2. Assume you can afford to use 10% of your monthly gross income towards your monthly car payment. The terms of the loan are 2.15%

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2. Assume you can afford to use 10% of your monthly gross income towards your monthly car payment. The terms of the loan are 2.15% APR for 6 years. . What is the highest price car you can afford based on the information above? Be sure to show and explain the Excel formula you used. . What is the highest priced car the high school graduate can afford based on the same information? Be sure to show and explain the Excel formula you used. . Use an absolute or relative change statement to compare the highest priced car of the high school graduate and yourself. (Spelling/Grammar appropriate for a college level course accounts for 3 points of this score.)

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