document.write( "Question 1176030: You can afford a $300 per month car payment. You have found a 5 year loan for 3% interest. How big of a loan can you afford? \n" ); document.write( "
Algebra.Com's Answer #802524 by Theo(13342)\"\" \"About 
You can put this solution on YOUR website!
you can afford a loan of 16,695.70.\r
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\n" ); document.write( "\n" ); document.write( "you can use the following online calculator to solve this problem for yourself.
\n" ); document.write( "https://arachnoid.com/finance/index.html\r
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\n" ); document.write( "\n" ); document.write( "your inputs are:\r
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\n" ); document.write( "\n" ); document.write( "pv = 0
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\n" ); document.write( "np = 5 years * 12 months per year = 60 months
\n" ); document.write( "pmt = -300
\n" ); document.write( "ir = 3% / 12 = .25 per month
\n" ); document.write( "payment at end of each time period.\r
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\n" ); document.write( "\n" ); document.write( "click on pv to get your answer.\r
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\n" ); document.write( "\n" ); document.write( "here's what the results of usint that calculator look like.\r
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\n" ); document.write( "\n" ); document.write( "there are other charges to buying a car as well.\r
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\n" ); document.write( "\n" ); document.write( "this only includes the monthly charges for the loan itself.\r
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