Question $1$

XYZ Construction Inc. wants to purchase a new pick$-$up truck. The

price for the new truck is $$49,932.$ The dealer allows $xYZ$ to trade$-$in

the old truck for $$5,874.xYZ$ can payback the remaining balance

through a $4-$year payment plan. Given the agreed interest rate is $3\%$ :

How much is the monthly payment?

Question $2$

If $xYZ$ can only pay $$732$ monthly, and the dealer does not accept

trade$-$in$,$ given $3\%$ interest rate, how much of the new pick$-$up truck

can $xYZ$ afford?