Tiana can afford $150 per month for a car payment. Her bank preapproved her for a 6% interest rate for 5 years. What is the maxi
mum price of a car tiana can afford?
1 answer:
5 YEARS SHE WILL PAY =150 *12 *5 =9000
ON THAT 6% IS INTEREST
VALUE OF THE CAR IS 100- 6 =94 % OF 9000
WHICH IS 9000*.94= 8460
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