you are looking to buy a car. You can afford $400 in monthly payments for four years.

| June 14, 2018

1.you are looking to buy a car. You can afford $400 in monthly payments for four years. In addition to the loan, you can make a $1,500 down payment. If interest rates are 8.25 percent APR, what price of car can you afford? Round your final answer to 2 decimal places.2 oejy realizes that he has charged too much on his credit card and had racked up $5,200 in debt. If he pay $175 each month and the card charges 16 percent APR (compounded monthly), how long will it take him to pay off the debt? Round answer to 2 decimal places show work for all problems

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