SOLUTION: you can afford car payment of $145 a month for years.the interest rate is 5.9%,compounded monthly.how much can you afford to borrow to buy a car?

SOLUTION: you can afford car payment of $145 a month for years.the interest rate is 5.9%,compounded monthly.how much can you afford to borrow to buy a car?

Algebra.Com

Question 731883: you can afford car payment of $145 a month for years.the interest rate is 5.9%,compounded monthly.how much can you afford to borrow to buy a car?
Answer by lynnlo(4176) (Show Source): You can put this solution on YOUR website!
$3000
RELATED QUESTIONS
You can afford a $250 per month car payment. You've found a 6 year loan at 6% annual... (answered by ankor@dixie-net.com)

You have $400,000 saved for retirement. Your account earns 9% interest compounded... (answered by ElectricPavlov,ikleyn)

Suppose you can afford to pay at most $1000 per month for a mortgage payment. If the... (answered by ikleyn)

A new university graduate determines that she can afford a car payment of R3 500 per... (answered by Theo)

Please help me solve this Suppose you can afford to pay at most $600 per month for a... (answered by ikleyn)

Dan is contemplating trading in his car for a new one. He can afford a monthly payment of (answered by math_tutor2020)

You can afford a $300 per month car payment. You have found a 5 year loan for 3%... (answered by Theo)

Suppose you can afford to pay $ 325 a month for 9 years towards a new car with no down... (answered by ikleyn)

Suppose you can afford to pay at most $1650 per month for a mortgage payment. If the... (answered by ikleyn)