You are looking to buy a car and can afford to pay $210 per month. If the interest rate on a car loan is 0.77% per month for a 60-month loan, what is the most expensive car you can afford to buy? The amount that you can afford is (Round to the nearest dollar.) CIT

Suppose that you are thinking about buying a car and have narrowed down your choices to two options. The​ new-car option: The new car costs ​$26,000 and can be financed with a four​-year loan at 7.75​%. The​ used-car option: A​ three-year old model of the same car costs ​$16,000 and can be financed with a four​-year loan at 5.28​%. What is the difference in monthly payments between financing the new car and financing the used​ car?  ​(Round to the nearest cent as​ needed.)

You have saved $3,000 for a down payment on a new car. The largest monthly payment you can afford is $300. The loan will have a 9% APR based on end-of-month payments. What is the most expensive car you can afford if you finance it for 48 months? Do not round intermediate calculations. Round your answer to the nearest cent.$   What is the most expensive car you can afford if you finance it for 60 months? Do not round intermediate calculations. Round your answer to the nearest cent. $

Please solve using Excel and show formulas. You have decided to buy a car with price tag of $60,000 but you are able to negotiate the price down to $58,000.  You have $5,000 saved, so you need to borrow $53,000 in a 5-year loan from your bank (your bank offers lower rates than the auto-dealer) at a 4.5% APR (annual rate). How much will you owe to the bank after 3 years?

You are buying a car for $16,995; you are going to put down $6,500; balance to finance: $10,495 in 84 payments at 3.95% APR. Calculate how much you will ultimately pay for the unit?

You have saved $5,000 for a down payment on a new car. The largest monthly payment you can afford is $500. The loan will have an 11% APR based on end-of-month payments. a. What is the most expensive car you can afford if you finance it for 48 months? Do not round intermediate calculations. Round your answer to the nearest cent. b. What is the most expensive car you can afford if you finance it for 60 months? Do not round intermediate calculations. Round your answer to the nearest cent.

You are looking to buy a car and can afford to pay $195 per month. If the interest rate on a car loan is 0.74% per month for a 60​-month ​loan, what is the most expensive car you can afford to​ buy? The amount that you can afford is ​$________________ ​(Round to the nearest​ dollar.)

A car buyer can afford a monthly payment of $450 per month and has $7000 saved for a down payment. If financing is available at 3.2% interest for 72 months, then what would be the maximum car price they could afford? (You may round your answer to the nearest dollar.)

d You have decided to buy a car that costs $31,000. Since you do not have a big down payment, the lender offers you a loan with an APR of 6.27 percent compounded monthly for 7 years with the first monthly payment due today. What is the amount of your loan payment? Multiple Choice $294.91 $454.51 $456.89 $374.71 $293.38

Suppose you can afford to pay $ 275 a month for 5 years towards a new car with no down payment. If the current interest rates are 5%, how expensive a car can you afford?