Kyokos Car-Buying Decisions Kyoko, who lives in St. Louis, is trying to decide between the following car models: Brand and Model Cost Hyundai Accent $14,195 Mini Cooper 23,450 Jeep Wrangler 26,790 Volvo C70 39,950 Shes currently accumulated a down payment of $2,000 and she has determined that she can afford maximum payments of $475 per month. Her initial research on the current cost of auto loans has found that her lowest cost loan would be made by a credit union and would require an interest rate of 6% for five years. Given this information, the maximum amount that Kyoko can afford to pay for her new car is , and the most expensive car that she can afford to purchase, without stretching her budget, is: The Volvo C70 The Hyundai Accent The Mini Cooper The Jeep Wrangler

However, she could upgrade to a more expensive model by undertaking several activities. Which of the following activities would allow this upgrade? Check all that apply.

Purchase an upgraded vehicle with fewer and less expensive options

Purchase the more expensive car now and then ask her boss for a raise next week

Take a better-paying job or another, or part-time, job that would give her the additional income to support a larger monthly payment

Go ahead and purchase the more expensive car; she deserves to be happy