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Scenario 1: Sally wants to buy an $18000 SUV. She is approved for the loan at 7.75% interest rate for a term of 4 years.

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Scenario 1: Sally wants to buy an $18000 SUV. She is approved for the loan at 7.75% interest rate for a term of 4 years. How much down payment must she provide to have approximately $400 monthly payment? Scenario 2: CARS INC. is running a special deal of 0% interest for 5 years with a $1000 down payment. What is the highest price vehicle George can afford to keep his monthly payments at $350.00

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