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Suppose Capital One is advertising a 60-month, 5.99% APR motorcycle loan. If you need to borrow $7,100 to purchase your dream Harley-Davidson, what will be your monthly payment? (Note: Be careful not to round any intermediate steps less than six decimal places.) Your monthly payment will be \$ (Round to the nearest cent.) You are considering two ways of financing a spring break vacation. You could put it on your credit card, at 14% APR, compounded monthly, or borrow the money from your parents, who want an interest payment of 6% every six months. Which is the lower rate? (Note: Be careful not to round any intermediate steps less than six decimal places.)