Suppose you are considering buying a car, but not sure how much you can afford. So you call the car dealership and find out that the interest rate is 4% and the term is generally 5 years. Suppose that your monthly income is $2,000 and your total expenses are $1,500.

Based on this information, perform an analysis in Excel using PMT function and data tables to find out what price you can afford for a car. Then, submit the following:

1) Excel file containing your calculations and data table

2) Your conclusion based on your analysis