please answer using financial formulas and not in excel

disregard the first one. i retook the picture below

Lab 6 Questions Name Question 5 - More Practice Problems Suppose you can afford payments of S185 a month for a car Joan Most car loans are for 5 years 4.33ume tho APRIs 4%. Determine what price car you can afford, your total payment over the term of the loan, and the amount of interest paid over the loan term. b. Suppose you have a balance of $3200 on your credit card, which charges an APR of 22.9%. If you want to pay off the balance in 2 years, how much should you pay each month? Assume that you charge no additional expenses to the card. Lab 6 Questions Name Question 5 More Practice Problems a. Suppose you can afford payments of $185 a month for a car loan. Most car loans are for 5 years; assume the APR is 4%. Determine what price car you can afford, your total payments over the term of the loan, and the amount of interest paid over the loan term. b. Suppose you have a balance of $3200 on your credit card, which charges an APR of 22.9%. If you want to pay off the balance in 2 years, how much should you pay each month? Assume that you charge no additional expenses to the card