Your car was just totaled, and the insurance company has sent you a check for $19,400. You'd like to use this as an opportunity to upgrade your ride, and you have enough room in your budget to spend $562 per month on a car payment. If you took out a 3 year loan with a 7.4\% annual rate, how much could you afford to spend on a car? (10 points) Answer How much more could you afford to spend if you took out a 5 year loan instead? Assume that the interest rate would not change. (10 points)