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Olivia is willing to pay $185 a month for four years for a car payment. If the interest rate is 4.9 percent, compounded monthly, and
Olivia is willing to pay $185 a month for four years for a car payment. If the interest rate is 4.9 percent, compounded monthly, and she has a cash down payment of $2,500, what price car c an she afford to purchase? $10,549.07 $8,342.05 $10,961.36 $8,686.82 $8,533.84 I do not understand how the answer is 10,549.07.
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