Not sure how to start this problem. Here are 2 screenshots of the assignment :)

Assignment: Work through this illustration of the use of Time Value of Money calculations. Often sales people will try to "qualify" you in a sales presentation. They are trying to get information from you for their benet. How much can you afford per month as a payment? They could be trying to nd the highest priced items to sell you. Prompt: Calculate the maximum purchase price of a car you can buy (cash equivalent price or "present val ue") given the fol lowing facts: - You think you can afford monthly payments over ve {5} years of $530 per month. a You have no down payment or trade-in. - Your annual rate of borrowing is 12% due to your lack of credit experience. As part of your response make sure to show the "???" factors in the grid below which corresponds with most nancial Calculators. (Hint - the Tables in Appendix A are not | extensive enough) Show your work. Use the factors in the excel tables Click https://modesto.instructure.com/courses/29664/pages/present- value-pv-and-future-value-fv-tables?module item id=1284348 PV FV Factors N 1% PV PMT FV