Question
PV and loan eligibility You have saved $5,000 for a down payment on a new car. The largest monthly payment you can afford is $450.
PV and loan eligibility You have saved $5,000 for a down payment on a new car. The largest monthly payment you can afford is $450. The loan will have a 12% APR based on end-of-month payments.
What is the most expensive car you could afford if you finance it for 48 months? Round your answer to the nearest cent. $
What is the most expensive car you could afford if you finance it for 60 months? Round your answer to the nearest cent. $
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Adventure Finance
Authors: Aunnie Patton Power
1st Edition
3030724271, 978-3030724276
