(Solved): XYZ Construction. Inc. wants to purchase a new pick-up truck. The price for the new truck is \( \$ ...

XYZ Construction. Inc. wants to purchase a new pick-up truck. The price for the new truck is \( \$ 46,463 \). The dealer allows \( X Y Z \) to trade-in the old truck for \( \$ 5,533 \). XYZ can payback the remaining balance through a 4-year payment plan. Given the agreed interest rate is \( 3 \% \) : How much is the monthly payment? Question 2 \( 2 \mathrm{pts} \) If \( X Y Z \) can only pay \( \$ 820 \) monthly, and the dealer does not accept trade-in, given 3\% interest rate, how much of the new pick-up truck \( \operatorname{can} X Y Z \) afford?