Question 1203925
you can afford a car that's $20,529.06.
the payment is $350 at the end of each month.
the length of the loan is 6 years * 12 = 72 months.
the interest per month is 7/12 = .58333333...% per month.
the time periods are in months because the yearly interest rate is compounded monthly.


here are the results from using the calculator at <a href = "https://arachnoid.com/finance/" target = "_blank">https://arachnoid.com/finance/</a>


<img src = "http://theo.x10hosting.com/2023/092702.jpg">


A) 
how expensive of a car can you afford? i can afford a car that costs?


$20,529.06


B) how much total money will you pay the loan company the total of all my payments will be include the dollar sign $?


72 * $350 = total payments of $25,200.



C)how much of that money is interest the amount of that money that is interest will be include the dollar sign $


total interest payed = $25,200 minus $20,529.06 = $4,670.94


in the calculator, loan amount is present amount, shown as positive because it's money that you received, and monthly paymebnt is shown as negative because it's money that you spentt.