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b . Considering the $ 1 6 0 0 0 you will receive on your 2 2 t h birthday how much more do you

b. Considering the $16000 you will receive on your 22th birthday how much more do you need to purchase your $38900 car?
c. You will be taking out a loan for the rest of the balance, at a reducible interest rate of 10.4% p.a. If your weekly repayment is $180, find:
i. How long will it takes you to pay off the loan? obtain the expression for A1, recognize the pattern in the expression for An as a sum, produce and calculate geometric series by using the correct formula and apply lograthim laws.
ii. The total amount that you will pay for the car.
d. Assume your $38900 car depreciates in value by 4% every year. What is the value of your chosen car after 5 years?

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