3. (20 points) Imagine that you are buying a new 2020 car. Choose make and model (It is a great time to dream big.) a. Choose the make and model of the car: Price of car (find online): b. Assume that you put no money down on the car and finance it for 60 months at a 2.3% APR. Ignore all other costs related to the car, such as taxes and title, other than the purchase price.

c. Assume that you pay the monthly payment (no more/no less) for each of the 60 months. How much have you paid in interest (above the sale price of the car) at the end of the 60 months? Round your final answer to the nearest penny. Show all work.