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He's currently accumulated a down payment of $ 2 , 0 0 0 and he has determined that he can afford maximum payments of $
He's currently accumulated a down payment of $ and he has determined that he can afford maximum payments of $ per month. His initial research on the current cost of auto loans has found that his lowest cost loan would be made by a credit union and would require an interest rate of for four years.
Given this information, the maximum amount that Shen can afford to pay for his new car i: and the most expensive car that he can afford to purchase, without stretching his budget, is:
The Chevrolet Camaro
The Kia Rio
The Jeep Patriot
The Ford F Pickup
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