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1. a. You are buying a car for $15000 and financing it for 3 years at 6% APR with monthly payments and compounding. How much

1. a. You are buying a car for $15000 and financing it for 3 years at 6% APR with monthly payments and compounding. How much are your car payments?

1. b. How much less are your monthly car payments if you pay at the beginning of each period?

a. 5.29

b. 3.55

c. 2.27

d. 4.48

e. 1.48

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