Marie can afford a $250 per month car payment. Shes found a 5 year loan at 7%

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Marie can afford a $250 per month car payment. She’s found a 5 year loan at 7% interest.

a. How expensive of a car can she afford?

b. How much total money will she pay the loan company?

c. How much of that money is interest?

Related Book For answer-question

Personal Finance

ISBN: 978-0132994347

5th edition

Authors: Jeff Madura

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Posted Date: Feb 17, 2020 06:36 AM

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Marie can afford a $250 per month car payment. Shes found a 5 year loan at 7%

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Personal Finance

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