The Tesla electric car model $32024$ starting price in Canada is about $$50,000.$ As a promotion the dealer is providing $0\%$ financing $($i$.$e$.0\%$ interest rate$)$ on a loan over $5$ years. What is the annual fixed payment on the loan? Explain, working from fundamentals. The dealer will sell the car for less than $$50,000,$ if you give those cash now. You don$$t have any cash but can borrow from the bank at an effective interest rate of $4\mathrm{.}5\%.$ Find the $($threshold$)$ car price, below which you are better off borrowing from the bank and paying the dealer cash? $($For this calculate to the nearest $1/10$ of a dollar.$)$