Q:

Chuck can afford a $490-per-month car payment, and he's interested in eithera convertible, which costs $28,700, or a sports car, which costs $29,200. If heis being offered a 6-year car loan with an APR of 6%, compounded monthlywhich car can Chuck afford?A. Chuck can afford the sports car but not the convertible B. Chuck can afford neither the convertible nor the sports carC. Chuck can afford the convertible but not the sports carD. Chuck can afford both the convertible and the sports car​

Accepted Solution

A:
Answer:D.) He can afford either car.Step-by-step explanation: