Karl can afford car payments of 235 a month for question, Financial Management

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Karl can afford car payments of 235 a month for question

karl can afford car payments of $235 a month for ... Question Karl can afford car payments of $235 a month for 48 months. The bank will lend him money to buy a car at 7.75 percent interest. How much money can he afford to borrow? (please breakdown formula better)

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