www.fncalculator.com or www.bankrate.com nada.com Edmunds.com kbb.com Assume all car transactions take place in the 71753 zip code. 1. Jef wants a new car. He has $Z,000 in cash saved but no current car to trade in. He has decent, but not great credit, so his bank will charge 8.5% interest on a new car loan. Jeff doesn't want to spend more than $400 per month on payments. leff is comfortable with up to 5 years of payments but would prefer show Jeff how much he can afford to spend on a car. Be jure to come up with options for 5 years of payments as well as a 3 and 4 year term o demonstration. a shorter time length on the loan. Use an auto loan calculator on one of the above websites to ption. Be sure to watch the 10 Minute tidbit video for a a. With a 5 year amortization and the above terms, Jeff can afford to spend up to on a vehicle purchase. b. With a 4 year amortization and the above terms, Jeff can afford to spend up to on a vehicle purchase. c. With a 3 year amortization and the above terms, Jeff can afford to spend up teo on a vehicle purchase