What price of car can you afford

Reference no: EM13979499

You are looking to buy a car. You can afford $450 in monthly payments for four years. In addition to the loan, you can make a $1,000 down payment. If interest rates are 7 percent APR, what price of car can you afford?

Reference no: EM13979499

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What price of car can you afford : You are looking to buy a car. You can afford $450 in monthly payments for four years. In addition to the loan, you can make a $1,000 down payment. If interest rates are 7 percent APR, what price of car can you afford?

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