Question: When Roadrunner heard that Wile E. Coyote had bought a 5 year supply of dynamite, he decided to buy an armored car. Roadrunner has saved

When Roadrunner heard that Wile E. Coyote had bought a 5 year supply of dynamite, he decided to buy an armored car. Roadrunner has saved $2000 for the car and can budget $1500 per quarter beginning 3 months from today to repay a loan. If he uses his $2000 savings for a downpayment and gets a 5 year loan at 3% APR (compounded quarterly) with $1500 quarterly payments (beginning 3 months from today), how much can Roadrunner pay for the armored car?

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