document.write( "Question 1135586: You can afford a $250 per month car payment. You've found a 5 year loan at 7% interest. How big of a loan can you afford? \n" ); document.write( "
Algebra.Com's Answer #753222 by Theo(13342)\"\" \"About 
You can put this solution on YOUR website!
using the following calculator, i get a car loan of $12,625.50 as possible.\r
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\n" ); document.write( "\n" ); document.write( "inputs to the calculator are:\r
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\n" ); document.write( "\n" ); document.write( "present value = 0
\n" ); document.write( "future value = 0
\n" ); document.write( "number of months = 5 * 12 = 60
\n" ); document.write( "interest rate percent per month = 7/12 = .583333333......
\n" ); document.write( "payment per month = 250 (shown as negative because it's money going out)
\n" ); document.write( "payment are made at the end of each month.\r
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\n" ); document.write( "\n" ); document.write( "once you click on PV, the calculator gives you the present value of the loan.\r
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\n" ); document.write( "\n" ); document.write( "the calculator can be found at https://arachnoid.com/finance/\r
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\n" ); document.write( "\n" ); document.write( "here's a display of the results.\r
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