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I want to buy a $ 5 0 , 0 0 0 truck and can get a 5 - year loan with an APR =

I want to buy a $50,000 truck and can get a 5-year loan with an APR =2.5%. My bank says by debt to income ratio has to be under 0.4. If my current annual salary is $60,000 and my monthly debt includes: Rent/Utilities ($900), Phone ($50), Loans ($100),Insurance ($75), Credit Cards ($80), Internet ($90), can I afford the car? Please show work!

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