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2. Buying a car After graduation, two twin sisters Angela and Pinky each decide to treat themselves to a new car. They buy identical cars

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2. Buying a car After graduation, two twin sisters Angela and Pinky each decide to treat themselves to a new car. They buy identical cars costing $35,000. Pinky borrows the entire amount for her car on a 5-year loan at 5% interest. Angela pays cash for her car. What will Pinky's's monthly car payment equal? How much will Pinky's $35,000 car cost? Every time Pinky makes a car payment, Angela takes that same amount and invests it at 5.5%. By the time Pinky pays off her car, how much will Angela have saved towards the purchase of her next car? 2. Buying a car After graduation, two twin sisters Angela and Pinky each decide to treat themselves to a new car. They buy identical cars costing $35,000. Pinky borrows the entire amount for her car on a 5-year loan at 5% interest. Angela pays cash for her car. What will Pinky's's monthly car payment equal? How much will Pinky's $35,000 car cost? Every time Pinky makes a car payment, Angela takes that same amount and invests it at 5.5%. P By the time Pinky pays off her car, how much will Angela have saved towards the purchase of her next car

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