Tyresa wants to buy a car but doesn’t want to spend more than $350 a month for a maximum of four years. what is the maximum loan amount she can take out for a new car and a used car using the advertised rates?
use the formula, a = where p [(1+r)^n-1]/r(1+r)^2 is the monthly payment, r is the monthly rate, and n is the number of months. show your steps. : -)