You want to buy a new car. You can afford payments of $425 per month and can borrow the money at an interest rate of 6.1You want to buy a new car. You can afford payments of $425 per month and can borrow the money at an interest rate of 6.1% compounded monthly for 5 years. How much are you able to borrow? $ How much interest do you pay? $% compounded monthly for 5 years. How much are you able to borrow? $ How much interest do you pay? $