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Author Question: Suppose you want to buy a car. The dealer offers a financing package consisting of a 3.6% APR ... (Read 232 times)

acc299

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Suppose you want to buy a car. The dealer offers a financing package consisting of a 3.6% APR compounded monthly for a term of four years. Suppose that you want your monthly payments to be at most $500. What is the maximum amount that you should finance? Round your answer to the nearest dollar.
◦ $23,000
◦ $22,330
◦ $23,525
◦ $22,500
◦ $22,321


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Marked as best answer by acc299 on May 5, 2020

micaelaswann

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acc299

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Reply 2 on: May 5, 2020
Excellent


Laurenleakan

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Reply 3 on: Yesterday
Gracias!

 

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