Isabel is shopping for her new car. She identified six models she likes at a local dealership. The table lists the down payment she would need to make on each car to
keep the monthly payment within her budget. Assume that she's using only the
money accumulated in her savings account to make the down payment.
Use this information and the appropriate time value of money formula to select
all the cars that are within Isabel's budget.
choice 1
choice 2
choice 3
down payment $8,500 down payment: $6,200 down payment $5,100
choice 4
choice 5
choice 6
down payment$7,250 down payment: $7,750 down payment $7,500