You have saved $4,000 for a down payment on a new car. The largest monthly payment you can afford is $450. The loan will have a 12% APR based on end-of-month payments. - What is the most expensive car you can afford if you finance it for 48 months? - What is the most expensive car you can afford if you finance it for 60 months?

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You have saved $3,000 for a down payment on a new car. The largest monthly payment you can afford is $350. The loan will have a 15% 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 answers to the nearest cent. $

Now it's time for you to practice what you've learned. Suppose you have saved $3,500 for a down payment on a new car. The largest monthly payment you can afford is $375. The loan will have a 24% APR based on end-of-month payments. Use a financial calculator to determine the most expensive car you can afford if you finance it for 48 months versus 60 months. Months Financed Maximum Car Price 48 60 If you finance the car for a shorter period of time, you can afford a more expensive car. True False

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.)

You can afford monthly payments of $400 per month. If you are financing a car at 10% APR and 60 months, how much car can you afford?

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 a 6% APR based on end-of-month payments. What is the most expensive car you can afford if you finance it for 48 months? For 60 months? Do not round intermediate calculations. Round your answers to the nearest cent. Financed for 48 months: $   Financed for 60 months: $

Suppose you can afford to pay $ 250 a month for 8 years towards a new car with no down payment. If the current interest rates are 4.75%, how expensive a car can you afford? Car sticker price =

You are looking to buy a car. You can afford $460 in monthly payments for four years. In addition to the loan, you can make a $1100 down payment. If interest rates are 7.25 percent APR, what price of car can you afford