You want to buy a new car. You can afford payments of $375 per month and can borrow the money at an annul interest rate of 4.4% compounded monthly for 3 years.

Question

How much are you able to borrow?

How much interest do you pay?

Answer 1

You want to buy a new car car . You can afford payments $375.00 per month and can borrow the money at an annually interest rate of 4.4% compounded monthly for 3 years. How much am are you able to borrow?

Answer 2

See my answers to your 4 previous questions. If you can't figure it out from there, Reach out to me