You Have saved $4000 for a down payment on a new car. the largest monthly payment you can afford is $350. the loan will have a 12% APR based on end...

1. You Have saved $4000 for a down payment on a new car. the largest monthly payment you can afford is $350. the loan will have a 12% APR based on end of month payments. what is the most expensive car you can afford if you finance it for 48 months? 60 months?2. you want to buy a house within 3 years, and you are currently saving for the down payment. you plan to save $5,000 at the end of the first year, and you anticipate that your annual savings will increase by 10% annually thereafter. your expected annual return is 7%. how much will you have for a downpayment at the end of year 3.