Dean is planning to purchase a new Nissan Altima which costs $27,800. He has saved up $4,170 to put toward it. He is thinking about getting a loan for it from his credit union, but he could also keep driving his beat-up old car for a while longer and save up cash for the new one. Dean is surprised when he sees how much he will spend on interest if he buys his car with the loan. He would like to get the car soon, but he wants to at least look into the option of saving up and paying cash for the car so he doesn't have to pay so much for interest. Possibility Two: Saving Up If Dean puts his $4,170 in his savings account, which has an APR of 1.2%. You've already determined how much he needs to add to the account every month in order to have all $27,800 saved up to pay cash for the car in four years. If Dean decides to do this, how much of his own money will he have put into the savings account to pay for his car? Don't forget the initial deposit as well as the monthly payments. Dean is planning to purchase a new Nissan Altima which costs $27,800. He has saved up $4,170 to put toward it. He is thinking about getting a loan for it from his credit union, but he could also keep driving his beat-up old car for a while longer and save up cash for the new one. Dean is surprised when he sees how much he will spend on interest if he buys his car with the loan. He would like to get the car soon, but he wants to at least look into the option of saving up and paying cash for the car so he doesn't have to pay so much for interest. Possibility Two: Saving Up If Dean puts his $4,170 in his savings account, which has an APR of 1.2%. You've already determined how much he needs to add to the account every month in order to have all $27,800 saved up to pay cash for the car in four years. If Dean decides to do this, how much of his own money will he have put into the savings account to pay for his car? Don't forget the initial deposit as well as the monthly payments