(Must use the buttons p/y, c/y, n, i/y, pv, pmt, and fv on the calculator and show which is being computed for)

QUESTION 1 You have a down payment of $8,000 saved up to purchase a new vehicle. If you are also approved for a 3 year loan by making payments of $500 at the end of every month at a rate of 4.2% compounded quarterly, what price vehicle will you be able to afford