Question: how would u calculate this with an excel formula on excel 16.) If you can only afford a $650 monthly car payment, what is the

how would u calculate this with an excel formula on excel

16.) If you can only afford a $650 monthly car payment, what is the maximum amount you can spend on a car if you go with Bank of America for your auto loan (60-month, 5% APR (monthly compounding)?

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