You MUST show your work. Ust your final answer at the top of the page and label it 1). Formulas: PV C1417) - {1/01 + r) Monthly rate Annual rate/ 12 You want to buy a new car, but you can make an initial payment of only $1.200 and can afford monthly payments of at most $550 If the APR on auto loans is 124 and you finance the purchase over 48 months, what is the medium price you can pay for the car? For the toolbar, press ALT F10 (PC) or ALTEN+F10(ed. I gs Paragraph Arial 14