Jill wants to buy a car but needs to calculate how much she can afford to borrow.
Fantastic news! We've Found the answer you've been seeking!
Question:
Jill wants to buy a car but needs to calculate how much she can afford to borrow. The maximum she can repay each month-end is $730 per month and the bank has indicated it will charge a fixed 6.3% p.a compounding monthly. If she takes a loan for 4 years how much can she afford to borrow? (include cents e.g $24500.09)
Posted Date: