document.write( "Question 1131200: please need help for this question\r
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document.write( "You can afford a $450 per month car payment. You've found a 4 year loan at 6% interest. How big of a loan can you afford?\r
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document.write( "Round your answer to the nearest cent.\r
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Algebra.Com's Answer #747840 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! PV=P(1-(1+(r/n))^(-nt))/(r/n); (r/n)=.06/12=0.005 \n" ); document.write( "=450(1-1.005^(-48)/.005 \n" ); document.write( "=$19,161.14 \n" ); document.write( " |