Volvo C70 39,950 He's currently accumulated a down payment of $2,000 and he has determined that he can afford maximum payments of $475 per month. His initial research on the current cost of auto loans has found that his lowest cost loan would be made by a savings and loan association and would require an interest rate of 6% for five years. Given this information, the maximum amount that Nick can afford to pay for his new car is afford to purchase, without stretching his budget, is: , and the most expensive car that he can The Hyundai Accent The Volvo C70 The Jeep Wrangler The Mini Cooper