You want to buy a used Mini Cooper when you graduate. Based on the job offer you have accepted, your budget says you can afford to pay $350 per month for a car payment. The car dealer is offering to lend you money at an annual rate of 5.65% for a 4 year loan; of course the payments are monthly, not annual! How much money can you afford to borrow, based on this information? 6a You want to buy a used Mini Cooper when you graduate. Based on the job offer you have accepted, your budget says you can afford to pay $350 per month for a car payment. The car dealer is offering to lend you money at an annual rate of 5.65% for a 4 year loan, of course the payments are monthly, not annual! How much money can you afford to borrow, based on this information!

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