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Daisy wants to purchase a car. She secures an auto loan at 4.5% annual interest. Her budget allows her to pay about $450 a month over the next 3 years. What price auto can she a…

Daisy wants to purchase a car. She secures an auto loan at 4.5% annual interest. Her budget allows her to pay about $450 a month over the next 3 years. What price auto can she a…
asked 140k views
1 vote
Daisy wants to purchase a car. She secures an auto loan at 4.5% annual interest. Her budget allows her to pay about $450 a month over the next 3 years. What price auto can she afford?

asked
User Samir Das
by
7.7k points

1 Answer

1 vote

Answer:

Daisy can afford an auto priced at $15,337.54.

answered
User Abstrus
by
7.2k points
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