Using the information in the problem above, if you can only afford a monthly payment of $$900$ and make no other changes to the purchase price or terms of the loan, how much must your down payment be$?[$For

possible partial credit, be sure to show as much work as possible. Make sure your final answer is clearly labeled.$]$

If using the calculator, be sure your answer includes:

$N=$

$\frac{\text{I}}{Y}=$

$PV=$

PMT $=$

$FV=$

You have decided to purchase a new Ford F$-150$ truck and have talked the dealership down to $$44,900,$ including all fees. They offer you a loan, compounded monthly, at $2\mathrm{.}4\%$ APR for $3$ years. If you finance $100\%$ of the purchase price, how much are your monthly$\_$payments? $[$For possible partial credit, be sure to show as much work as possible. Make sure your final answer is clearly labeled.$]$

If using the calculator, be sure your answer includes:

$N=$

$\frac{\text{I}}{Y}=$

$PV=$

$PMT=$

$FV=$

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