Suppose tomorrow you are taking out a loan for a used car and are choosing between Ao Credit (calculates interest yearly) and Jour Credit (calculates interest daily). You don't expect to pay any of your loan for x years.

Question 2 ( 9 points) Suppose tomorrow you are taking out a loan for a used car and are choosing between Ao Credit (calculates interest yearly) and Jour Credit (calculates interest daily). You don't expect to pay any of your loan for x years. The money you owe, in thousands of dollars, on your car loan x years after tomorrow is A(x)=17(1.25)x at Ao Credit or J(x)=17(1+3650.235)365x at Jour Credit. Explore on (a). (2 points) What do A(0) and J(0) equal and represent? Write in a sentence and be specific. (b). (1 point) For Ao Credit, fill in the blanks. (One-year percent change is equivalent to APY.) The one-year: scale factor is percent is and percent change is (c). (2 points) For Jour Credit, fill in the blanks. Calculate the scale factor up to 4 decimals. To determine the one-year scale factor, rewrite J(x) as J(x)=17(bx) for an appropriate constant b. (Term: the Jour Credit loan is a 23.5\% APR compounded daily.) The one-year: scale factor is . and percent change is (d). (2 points) In complete sentences, justify which loan you prefer. Be specific and convincing. (e). (2 points) Suppose A(t)=32. Verbally explain what t means in this context and approximate t up to 2 decimals by graphing (eg on Desmos). Write in a complete sentence