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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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