Chuck can afford a $490-per-month car payment, and he's interested in either
a convertible, which costs $28,700, or a sports car, which costs $29,200. if he
is being offered a 6-year car loan with an apr of 6%, compounded monthly,
which car can chuck afford?

Chuck can afford both the convertible and sports car APEX

Step-by-step explanation:

We can say that Chuck can afford both the cars.

Step-by-step explanation:

The EMI formula is :

p = 28700

r = 6/12/100=0.005

n = 6*12=72

Putting the values in the above formula, we get:

Monthly payment is = $475.67

p = 29200

r = 6/12/100=0.005

n = 6*12=72

Putting the values in the above formula, we get:

Monthly payment is = $483.96

We can see that in both the cases, the monthly payments or EMI's are less than $490.

Therefore, we can say that Chuck can afford both the cars.

they will manufacture 8496 cars

only 10/60 isn't equivalent

hope this : )