A student decides to finance a used car over a 5-yr (60-month) period. After making a down
payment of $2000, the remaining cost of the car including tax and interest is $14,820. The
amount owed y = A(t) (in $) is given by A(t) = 14,820-247t, where t is the number of
months after purchase and 0 ≤t≤ 60. Determine the t-intercept and y-intercept and interpret
their meanings in context.