Assume that you wish to trade in your old car and buy a new one. The new car has a list price of $26,983.54 and you have been offered a six-year car loan at a nominal annual interest rate of 3.84% monthly compounding. Also assume that you want your monthly payments to be no more than $350 and will walk away from the deal if they are higher. Given this information determine the minimum traded that the dealer must offer you on your old car in order to get you to buy the new one.