Question: You have saved 33,000 for a down payment on a new car. The largest monthly payment you can afford is $500. The loan will have
You have saved 33,000 for a down payment on a new car. The largest monthly payment you can afford is $500. The loan will have a 6% APR based on end-of-month payments What is the most expensive car you can afford if you finance it for 48 months? For 6 months? Do not round intermediate calculations. Round your answers to the nearest cent. Financed for 48 months Financed for 60 months
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