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O words Question 17 10 pts Ms. Dolphin goes to a car dealership and buys a convertible for $40,000. She makes a down payment of
O words Question 17 10 pts Ms. Dolphin goes to a car dealership and buys a convertible for $40,000. She makes a down payment of $X and agrees to pay the rest in the next 4 years in equal annual installments. If the APR (annual percentage rate) on the loan is 8% and her annual payment on the loan is 11,000, how much was the down payment, and how much was the loan amount? BIVA -A- IE x' , EE TV + T 1 12pt Paragraph
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