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A young graduate is planning on saving $669.00 each quarter for four years in an investment account paying 15.80% interest that is compounded quarterly. His

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A young graduate is planning on saving $669.00 each quarter for four years in an investment account paying 15.80% interest that is compounded quarterly. His first deposit will be made at the end of the next quarter, so this is a regular annuity. The balance from this investment account will be used as a down payment on a new car. Also, in 4 years, he also plans on being able to afford a 60 -month car loan with $363.00 monthly payments at a 12.72% APR interest rate. Given the graduate's plans, how expensive, of a "dream car' will he expect to be able to purchase in four years

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