Question
Lester has budgeted $800 a month to finance and maintain a car. He expects the following monthly expenses: $84 Gas $123 Insurance $47 Maintenance and
Lester has budgeted $800 a month to finance and maintain a car. He expects the following monthly expenses:
- $84 Gas
- $123 Insurance
- $47 Maintenance and Repairs
- $25 Miscellaneous costs
Lester scouted around for good financing terms. A local lender is willing to finance a car at a 4.55% loan rate over a 4 year duration.
What is the highest purchase price Lester can afford while staying within his monthly budget?
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Lester can afford a car with a purchase price of up to 25008 Heres how we can find out Ca...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
