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Author Question: Suppose you want to buy a car. The dealer offers a financing package consisting of a 6% APR ... (Read 140 times)

BRWH

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Suppose you want to buy a car. The dealer offers a financing package consisting of a 6% APR compounded monthly for a term of three years. Suppose that you want your monthly payments to be at most $1000. What is the maximum amount that you should finance? Round your answer to the nearest dollar.
◦ $33,000
◦ $32,800
◦ $32,525
◦ $30,000
◦ $32,871


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Marked as best answer by BRWH on May 5, 2020

zogaridan

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BRWH

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Reply 2 on: May 5, 2020
:D TYSM


scikid

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Reply 3 on: Yesterday
Wow, this really help

 

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