document.write( "Question 1131199: hi, can you please help me find the answer for this question?
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document.write( "if you want to buy a car, and you can afford a monthly payment of $100, how large of a loan can you get at 3.15% interest over 30 months(2.5 years)?
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document.write( "Round your answer to the nearest dollar.\r
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Algebra.Com's Answer #747830 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! you can afford a monthly payment of $100, how large of a loan can you get at 3.15% interest over 30 months(2.5 years)? \n" ); document.write( ": \n" ); document.write( "We can use the formula: \n" ); document.write( " \n" ); document.write( "where \n" ); document.write( "P = the amt borrowed \n" ); document.write( "r = interest in decimal form .0315 \n" ); document.write( "n = no. of payments per year 12 \n" ); document.write( "t = no. of years 2.5 \n" ); document.write( ": \n" ); document.write( " \n" ); document.write( ": \n" ); document.write( " \n" ); document.write( ": \n" ); document.write( " \n" ); document.write( ": \n" ); document.write( " \n" ); document.write( ": \n" ); document.write( ".0347P = 100 \n" ); document.write( "P = \n" ); document.write( "P = $2882 is the price of a car you can buy for $100 a month \n" ); document.write( " |