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Mary wants to buy a car but is unsure how much of she can afford. The maximum monthly payment she can afford is $780. Her

Mary wants to buy a car but is unsure how much of she can afford. The maximum monthly payment she can afford is $780. Her bank's interest rate is 14% annualy if she pays off loan over 5 years.

what is the maximum amount she can afford to borrow?

- impossible to calculate with given data

- she can afford $53,325.05

-she can afford $46,800.03

-she can afford $33,522.07

(show all excel work)

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