A young couple has come to you looking to finance a car. The problem is they do not have enough money saved to buy the car they want. They still plan to save more once you let them know how much. The car is $32000. You worked out with them that the most they can afford as a payment is $250 over 4 years if the payment is 12 times per year. Your best rate for this loan considering their credit score is an annual rate of 4.25% How much of a down payment would be required to be able to buy the car?

note: why am I getting PV=11,914.66?