You want to buy a car, but you have determined that you cannot afford more than $$500$ per month for a car payment. You are looking at a new Nissan Altima, which costs $$22,500.$ The best loan offer you have been able to find is a $5-$year loan with monthly payments, an annual interest rate of $18\%,$ and a $10\%$ down payment required. Will you be able to afford this car?

Multiple Choice

Yes

No