Jerry wants to buy a new car with a sticker price of $33,000. He is planning to trade in his old car and can only afford payments of $450 per month. Jerry would like you to tell him how much he must get for his old car when he trades it in so that his monthly payments will be exactly $450. Additional information: The sales tax will be 3% on the difference between the purchase price and the trade value of the old car and the sales tax will be included in the amount borrowed. The loan will be for 60 months and the annual interest rate is 4% (compounded monthly). How much must Jerry get for the car he is trading in in order to keep the payments at exactly $450 each month? Select one: O $6,277 $7,277 $8,277 $9,277 $10,277 O $11,277 O $12,277 $13,277