Question

Sally has decided to purchase a used car. The car costs $5800, she was able to pay $500 down; she was also able to secure a 3-year loan at 7.5%. She knows that she can afford to spend a maximum of $200 on a car payment each month. Write the Excel function that would tell her the maximum amount she could borrow

Answer 1

Answer:

I don’t know but subtract get 120.59