Marie can afford a $250 per month car payment. She’s found a 5 year loan at 7%

interest.
a. How expensive of a car can she afford?
b. How much total money will she pay the loan company?
c. How much of that money is interest?

2 answers

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20. Marie can afford a $250 per month car payment. She’s found a 5 year loan at 7% interest.
a. How expensive of a car can she afford?
b. How much total money will she pay the loan company?
c. How much of that money is interest?