Ellen is looking to purchase a car.  She determines that she can afford a monthly payment of $325.  She's found a 15 year loan at 7% interest.  How expensive of a car can Marie afford (to the nearest dollar)

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Ellen is looking to purchase a car.  She determines that she can afford a monthly payment of $325.  She's found a 15 year loan at 7% interest.  How expensive of a car can Marie afford (to the nearest dollar)?

 

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