10. Because of a job change, Ben Hardesty has just relocated to the southeastern United States. He sold his furniture before he moved, so he's now shopping for new furnishings. At a local furniture store, he's found an assortment of couches, chairs, tables, and beds that he thinks would look great in his new two-bedroom apartment; the total cost for everything is $3,000. Because of moving costs, Ben is a bit short of cash right now, so he's decided to take out an installment loan for $3,000 to pay for the furniture. The furniture store offers to lend him the money for 36 months at an add-on interest rate of 7 percent. The credit union at Ben's firm also offers to lend him the money - they'll give him the loan at an interest rate of 11.5 percent simple, but only for a term of 24 months. a) Compute the monthly payments for the loan from the furniture store. b) Compute the monthly payments for the loan from the credit union. c) Determine the APR for the loan from the furniture store.d) Determine the APR for the loan from the credit union. e) Which is more important: low payments or a low APR?