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You want to buy a new car. You can afford payments of $400 per month and can borrow the money at an interest rate of 3.1% compounded monthly for 5 years.

How much are you able to borrow?

$

How much interest do you pay?

$

How much are you able to borrow?

$

How much interest do you pay?

$

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Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity

Box 2: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity