Question: 3.1 Find the monthly car payment given the information below. 2 marks (hint payment) Purchase Price $32,000.00 Rebate $2,000.00 Gas credit 2% of purchase price

3.1 Find the monthly car payment given the information below. 2 marks (hint payment) Purchase Price $32,000.00 Rebate $2,000.00 Gas credit 2% of purchase price Down payment 10% of purchase price $5,000.00 Amount to finance Interest rate % 9.00% Terms (years) 4 Monthly payments

3.2 Find the Best Purchase price given the information in question 3.1 2 marks (hint: goal seek) Purchase Price Rebate Down Payment Amount to finance Interest rate % Terms (years) Monthly payments $450.00

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