1. You were so impressed with the 2006 Bugatti that you decided to purchase it. Assume you had $500 for a down payment and were able to secure a loan with an APR of 6.0%.a. What would your monthly payments be if your loan was for 60 months?b. You are lucky, won the lottery 29 months into your 60-month loan, and decide to pay off your loan early. Calculate the unearned interest if you pay the loan in full on the 30th month. (Note - the finance charge per $100 is $7.94 for this early payoff amount)c. Calculate the payoff amount.

You were so impressed with the 2006 Bugatti that you decided to purchase it. Assume you had $500 for a down payment and were able to secure a loan with an APR of 6.0%. 2111216 Bugatti Vayron 15.4 Coupe AWE 'wio I 'uu- A11.I.y:-.I-- FI'lCI: $1.0?5000 111'! film mo 9-21 Mileage: 15 436 mi Location: Beyeny Hills. CA 15113 mi Dullr rating: What would your monthly payments be if your loan was for 60 months? You are lucky, won the lottery 29 months into your 60month loan, and decide to pay off your loan early. Calculate the unearned interest ifyou pay the loan in full on the 301I1 month. {Note the finance charge per $100 is $194 for this early payoff amount}. Calculate the payoff amount