Cayla, who puts down $3 500 to buy a car, and then makes annual payments of $1 000

Violetta, who loans a friend $3 500, and whose friend pays back the loan in four annual instalments of $1 000

Jae Youn, who borrows $3 500, and then receives an annual payment of $1 000

Christie, who borrows $3 500, and then pays back the loan in four annual payments of $1 000