The dealer offers a financing package consisting of a 6% APR compounded monthly for a term of 8 years. Suppose Gwen wants her monthly payments to be at most #$360. What is the maximum amount that she should finance
The maximum amount she can afford to finance is:
$27,394.28
Where did you derive this from guest.
Is the asker just suppose to take your anonymous word as Gospel?
You may try it, if you wish. If you do it right, and get a different answer, then I will pay you $1,000 Aus.
