11. Compute the monthly payment for each of the following: d) $20,000 loan for 5 years at 6%? e) What if the above loan was now for only 4 years? f) 3 years? What did you notice about the payment under the different time assumptions? 12. You're shopping for a $28,000 black Nissan Sentra and intend to finance part of it through a new installment loan. Benson Nissan has offered to sell it to you for $3,000 down with 48 annual payments for $353.67 per month. However, old Red MCombs is offering to sell it to you for $3,500 down with a 60- month loan for $285.02 per month. Which is better? Show calculations 13. What are the different types of life insurance and how are they different