You intend to buy a new car when you graduate from fsb you, Ask an Expert

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You intend to buy a new car when you graduate from FSB. You know you can only afford a monthly payment of $412/month.

You want to know how much car you can afford, so you go to your bank and are told the nominal rate of interest on a new car loan is 8.76%, with a 6-year loan, no down payment.

How much car can you afford? (Make your answer a positive number, no commas, no decimals.. Example 2500, not 2,500,).

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92766773

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