Scenario: You are in the market for a new car. You do not have a trade-in, but you have saved $2,500 toward a down payment. You currently earn $3,000.00 gross monthly income, of which 30% is withheld for various deductions. You have heard of the 20% rule of thumb, but want to limit your payments to no more than 17% of your net monthly income because of other debt commitments. You currently have a credit score of 700. You expect to drive the car an average 15,000 miles per year. Complete the following table to determine your desired maximum monthly payment. (Round your answers to the two decimal places. $ $ $ Gross income (monthly) Deductions (dollar amount) Take-home pay Percentage allotted for car payment Maximum monthly payment %