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{"ops":[{"insert":"You saw an advert for a used car that you would like to\nbuy.\nThe advert says that the dealer will give anyone a $500\ntrade in on his or her old vehicle.\nThe asking price for the car\n(before trade-in) is $4,000. They will offer you a 4% interest\nrate for a 3-year loan.\nWhat is the amount you need to\nfinance?\nUse the PMT function to determine what your\nmonthly payments will be. Copy the work, and then use the\nGoal Seek tool to determine what the asking price of the car,\nbefore trade-in would have to be to make a monthly payment\nof $70. Show both scenarios in your worksheet. Present the\nmonthly payment and loan on a bar chart.\n"}]}
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