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The Andersons want to buy a 2017 Nissan Altima for $28,570.Bank of America will charge them a 5.75 percent annual rate compounded monthly for a

The Andersons want to buy a 2017 Nissan Altima for $28,570.Bank of America will charge them a 5.75 percent annual rate compounded monthly for a 5-year loan.

If the Andersons can afford a $450 monthly payment, how much do they need to borrow?

How much would the Andersons need for a down payment

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