Question: Tara Storey can afford car payments of 500 per

Tara Storey can afford car payments of $ 500 per month for five years. The interest rate on car loans is 6 percent.
A. How much can she spend for a car?
B. How much can she spend for a car if she could get an interest rate of 4 percent?
C. How would your answer to part A change if she could make a $ 2,000 down payment?
D. How would your answer to part B change if she could make a $ 2,000 down payment?

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  • CreatedMarch 25, 2015
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