answer question 5

Solve the problems below. Be sure to show your work. If you use the formula, be sure to write it out a long with each step. If you are using a financial calculator, be sure to write out your inputs (including if you switch you calculator from end mode to beginning mode). 5. You have reviewed your budget and determine that the most you can afford on a car loan is $455 per month. What is the most you can borrow if interest rates are 7% and you can pay the loan over 4 years