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(1) Gilberto, who lives in St. Louis, is trying to decide between the following car models: Brand and Model Cost Kia Rio $12,295 Jeep Patriot

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(1) Gilberto, who lives in St. Louis, is trying to decide between the following car models: Brand and Model Cost Kia Rio $12,295 Jeep Patriot 16,780 Chevrolet Camaro 26,305 Ford F-150 Pickup 27,690 He's currently accumulated a down payment of $3,000 and he has determined that he can afford maximum payments of $375 per month. His initial research on the current cost of auto loans has found that his lowest cost loan would be made by a credit union and would require an interest rate of 6% for five years. CCCC Given this information, the maximum amount that Gilberto can afford to pay for his new car is and the most expensive car that he can afford to purchase, without stretching his budget, is: The Ford F-150 Pickup The Chevrolet Camaro The Kia Rio The Jeep Patriot However, he could upgrade to a more expensive model by undertaking several activities. Which of the following activities would allow this upgrade? Check all that apply. Purchase an upgraded vehicle with fewer and less expensive options Go ahead and purchase the more expensive car; he deserves to be happy Take a better-paying job or another, or part-time, job that would give him the additional income to support a larger monthly payment Purchase the more expensive car now and then ask his boss for a raise next week

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