Search for question
Question

Q 4-24 Tori is planning to buy a car. The maximum payment she can make is $3400 peryear, and she can get a car loan at her credit union for

7.3%interest. Assume her paymentswill be made at the end of each year 1-4. If Tori's old car can be traded in for $3325, whichis her down payment, what is the most expensive car she can purchase?

Fig: 1