2. You want a new car that costs $32,000. Figure out the following: ______________ What would the monthly payment be if you borrowed $32,000 from a credit union at 4% for 5 years? ______________ What would be the total of monthly payments (the amount you would actually pay for the car)? ______________ How much interest would you pay if you did this? ______________ How much would you have to save each month if you decided to save for 5 years and pay cash for the car, and you could earn 6% on your savings? ______________ What would be the total of monthly savings (the amount you would actually pay for the car if you saved)?