124. nina has just taken out a car loan for $12,000. she will pay an annual interest rate of 3% through a series of monthly payments for 60 months, which she pays at the end of each month. the amount of money she has left to pay on the loan at the end of the n th month can be modeled by the function f(n) = 86248 − 74248(1.0025)n for 0 ≤ n ≤ 60.
at the same time as her first payment (at the end of the first month), nina placed $100 into a separate investment account that earns 6% per year compounded monthly. she placed $100 into the account at the end of each month thereafter. the amount of money in her savings account at the end of the n thmonth can be modeled by the function g(n) = 2(1.005) n − 2 for n≥ 0.
d. what does the intersection point mean in the context of this situation? explain how you know.