You can afford a $250 per month car payment. You've found a 5 year loan at...

Question

Question

You can afford a $250 per month car payment. You've found a 5 year loan at 4% interest. How big of a loan can you afford?

Answer 1

Answer #1

Ans $13574.77

Answer 2

Similar Homework Help Questions

You can afford a $250 per month car payment. You've found a 4 year loan at...

You can afford a $250 per month car payment. You've found a 4 year loan at 5% interest. How big of a loan can you afford? Submit Question
You can afford a $250 per month car payment. You've found a 3 year loan at...

You can afford a $250 per month car payment. You've found a 3 year loan at 8.3% interest. how big of a loan can you afford?
You can afford a $250 per month car payment. You've found a 4 year loan at...

You can afford a $250 per month car payment. You've found a 4 year loan at 2% interest. How big of a loan can you afford? ----- 9 License Points available on this attempt: 7.7 of original 11 This is attempt 2 of 3. Score on last attempt: 0. Score in gradebook: 0 100 Submit

You can afford a $1350 per month mortgage payment. You've found a 30 year loan at...

You can afford a $1350 per month mortgage payment. You've found a 30 year loan at 8% interest. a) How big of a loan can you afford? $ b) How much total money will you pay the loan company? $ c) How much of that money is interest? $
2. You can afford a $1150 per month mortgage payment. You've found a 30 year loan...

2. You can afford a $1150 per month mortgage payment. You've found a 30 year loan at 8% interest. a) How big of a loan can you afford? $ b) How much total money will you pay the loan company? $ c) How much of that money is interest? $
M Qustion 2 of 1 Sots You can afford a $450 per month car payment You've...

M Qustion 2 of 1 Sots You can afford a $450 per month car payment You've found a 5 year loan at 2%in A 27.54000 Ca70 CD 15471 56 t

You can afford to make a payment of $250 per month for the next 40 months....

You can afford to make a payment of $250 per month for the next 40 months. If the APR on a loan to purchase a used car is 12 percent, what is the maximum loan amount for which you are eligible? $10,000.00 $ 9,755.35 $ 8,208.67 $ 7,333.33 none of the above.
22. Phil can afford paying $200 a month for 5 years for a car loan. If...

22. Phil can afford paying $200 a month for 5 years for a car loan. If the interest rate is 7.5 percent per year compounded monthly, how much can he afford to borrow to purchase a car? Phil will make the loan payments at the end of each month. A. $8,750.00 B. $9,348.03 C. $9,981.06 D. $10,266.67 E. $10,400.00
If the most you can afford each month on a car payment is $300, the applicable...

If the most you can afford each month on a car payment is $300, the applicable discount rate is 6.0% per year, and an auto-loan is for 5 years paid monthly, what's the most expensive car you should purchase today assuming you finance the whole car (no money down)?

You are looking to buy a car and can afford to pay $195 per month. If...

You are looking to buy a car and can afford to pay $195 per month. If the interest rate on a car loan is 0.78% per month for a 60-month loan, what is the most expensive car you can afford to buy? The amount that you can afford is (Round to the nearest dollar.)