SOLUTION: You can afford a $350 per month car payment. You've found a 4 year loan at 2% interest. How big of a loan can you afford?

SOLUTION: You can afford a $350 per month car payment. You've found a 4 year loan at 2% interest. How big of a loan can you afford?

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Question 1163465: You can afford a $350 per month car payment. You've found a 4 year loan at 2% interest. How big of a loan can you afford?

Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
You can afford a $350 per month car payment. You've found a 4 year loan at 2% interest. How big of a loan can you afford?
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2% per year?
2% of the loan amount?
2% of the remaining balance?
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