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? Buying a Car 4 5 Car Cost Amount Domowed 5 35.000.00 Annual Interest Loan Length in Years 5.00 Amount of Periods Monthly Payments Cost of Car