Question

You are looking to buy a car. You can afford $520 in monthly
payments for four years. In addition to the loan, you can make a
$1,700 down payment. If interest rates are 8.75 percent APR, what
price of car can you afford (loan plus down payment)? **(Do
not round intermediate calculations and round your final answer to
2 decimal places.)**

Answer #1

**SEE THE IMAGE. ANY DOUBTS,
FEEL FREE TO ASK. THUMBS UP PLEASE**

**As nothing was mentioned
excel is used. If you need with formula, let me know, will do that
also. Thank you.**

You have saved $5,000 for a down payment on a new car. The
largest monthly payment you can afford is $450. The loan will have
a 9% APR based on end-of-month payments.
What is the most expensive car you can afford if you finance it
for 48 months? Do not round intermediate calculations. Round your
answer to the nearest cent.
$
What is the most expensive car you can afford if you finance it
for 60 months? Do not round...

You have saved $3,000 for a down payment on a new car. The
largest monthly payment you can afford is $350. The loan will have
an 8% APR based on end-of-month payments.
What is the most expensive car you can afford if you finance it
for 48 months? Do not round intermediate calculations. Round your
answer to the nearest cent.
What is the most expensive car you can afford if you finance it
for 60 months? Do not round intermediate...

You have saved $5,000 for a down payment on a new car. The
largest monthly payment you can afford is $400. The loan will have
a 15% APR based on end-of-month payments. What is the most
expensive car you can afford if you finance it for 48 months? For
60 months? Do not round intermediate calculations. Round your
answers to the nearest cent.

You have saved $3,000 for a down payment on a new car. The
largest monthly payment you can afford is $300. The loan will have
a 10% APR based on end-of-month payments.
A.What is the most expensive car you can afford if you finance
it for 48 months? Do not round intermediate calculations. Round
your answer to the nearest cent.
B. What is the most expensive car you can afford if you finance
it for 60 months? Do not round...

If you want to buy a car, and you can afford a monthly payment
of $400, how large of a loan can you get at 7.9% interest over 60
months(5 years)? Round your answer to the nearest dollar.

You want to buy a new car, but you can make an initial payment
of only $1,600 and can afford monthly payments of at most $750.
a. If the APR on auto loans is 12% and you
finance the purchase over 48 months, what is the maximum price you
can pay for the car? (Do not round intermediate
calculations. Round your answer to 2 decimal places.)
Maximum Price =
b. How much can you afford if you finance the
purchase...

You have saved $3,000 for a down payment on a new car. The
largest monthly payment you can afford is $300. The loan will have
a 9% APR based on end-of-month payments. What is the most expensive
car you can afford if you finance it for 48 months? For 60 months?
Do not round intermediate calculations. Round your answers to the
nearest cent.
Financed for 48 months: $
Financed for 60 months: $

You have saved $5,000 for a down payment on a new car. The
largest monthly payment you can afford is $350. The loan will have
a 9% APR based on end-of-month payments. What is the most expensive
car you can afford if you finance it for 48 months? For 60 months?
Do not round intermediate calculations. Round your answers to the
nearest cent.
Financed for 48 months: $ ___
Financed for 60 months: $ ___

You have saved $5,000 for a down payment on a new car. The
largest monthly payment you can afford is $500. The loan will have
a 15% APR based on end-of-month payments. What is the most
expensive car you can afford if you finance it for 48 months? For
60 months? Do not round intermediate calculations. Round your
answers to the nearest cent.
Financed for 48 months: $
Financed for 60 months: $

you can afford monthly payments of $500 if current mortgage
rates are 2.94% for a 15 year fixed loan rate how much can you
afford to borrow? If you are required to make a 10% down payment
and you have the cash on hand to do it how expensive of a home can
you afford?

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