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You want to buy a new car. You can afford payments of $300 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