Anonymous
Anonymous asked in Cars & TransportationBuying & Selling · 2 months ago

If Sandy can afford car payments of ​$330 per month for 5 ​years, what is the price of a car that she can afford​ now?

Assume an interest rate of 9 percent. Sandy can afford a car that costs $___ or less. Can you please show me how to do this, I'm very confused as I don't know what formula to use. Thank you for your help in advance!

2 Answers

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  • 2 months ago

    She likely will find a sugar daddy and keep him happy to get what she wants.

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  • Anonymous
    2 months ago

    Just google simple loan calculator

    https://www.bankrate.com/calculators/savings/simpl...

    Put the numbers in and play around with the principal.  About $15,900.

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