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Question 5 - More Practice Problems a. Suppose you can afford payments of $185 a month for a car loan. Most car loans are for

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Question 5 - More Practice Problems a. Suppose you can afford payments of $185 a month for a car loan. Most car loans are for 5 years, assume the APR is 4%. Determine what price car you can afford, your total payments over the term of , paid over loan term b. Suppose you have a balance ofess2.0 on your credit card, which charges an APR of 22.9%. If you want aday off the balance in 2 years, how much should you pay each month? Assume that you charge no additional expenses to the card

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