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One of your dream is to purchase a luxury car when you graduate in 2026 (two years from now). Based on your calculation, the car

One of your dream is to purchase a luxury car when you graduate in 2026 (two years from now). Based on your calculation, the car price will equals to $29,371 in 2026, including all additional cost and taxes. Luckily, your rich aunty are willing to help. You just received a $3800 pre-graduation gift from your rich aunty that you intend to deposit in a money market account that pays 6% interest per year, compounded monthly. \ \ If you use the amount in the money market account for a down payment, and take out an auto loan for the remainder, how much will you need to borrow? \ \ Notes: Use 2 digits after decimal point

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