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You can afford a $350 per month car payment. You've found a 5 year loan at 6% interest. How big of a loan can you afford?

You can afford a $350 per month car payment. You've found a 5 year loan at 6% interest. How big of a loan can you afford?
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You can afford a $350 per month car payment. You've found a 5 year loan at 6% interest. How big of a loan can you afford?

User Robin Vinzenz
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8.3k points

1 Answer

5 votes
60$ is the answer because 6% is 60$
User Uttam
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8.3k points
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