Rick wishes to purchase a new car and can afford monthly payments of up to $300 per month. Finance is available and the terms are that the loan lasts for 5 years, and the annual interest rate is 7%. What is the maximum price for at car that Ryan's budget can afford? Round your answer to the nearest hundred dollars.

Asales representative from a local radio station is trying to convince the owner of a small fitness club to advertise on her station. the representative says that if the owner begins advertising on the station today, the club's total number of members will grow exponentially each month. she uses the given expression to model the number of club members, in hundreds, after advertising for t months.