Question: Let's make this material personal for you. Suppose you are going to buy a car using a loan. Please enter your own choices for the

Let's make this material personal for you. Suppose you are going to buy a car using a loan. Please enter your own choices for the next three questions. How much money are you willing to borrow? $ 25000 (do not enter a dollar sign or commas in this answer box) What interest rate do you think you will qualify for? 5 % (do not enter a percent sign in this answer box) How long a term would you like for your loan to be? 5 years If you are able to finance a car with the above loan amount, interest rate, and term then what would your monthly car payment be? My car payment would be a month. Hint

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