Mathematics, 01.03.2021 22:50 robbinsjeffrey271
Carlos can afford a monthly car payment of $350, and he wants a 36-month loan. He has $500 saved up for a down payment, and he owns a trade-in with a value of $800. The tax rate in his area is seven percent. He has been pre-approved for an auto loan at a finance rate of 12 percent. Determine the price of a vehicle he can afford. Additionally, record how much interest and tax he will pay and the total amount he will spend.
Vehicle Price:
Interest Paid:
Tax Paid:
Total Spent:
Answers: 2
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Carlos can afford a monthly car payment of $350, and he wants a 36-month loan. He has $500 saved up...
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