3. You are looking to purchase a new car for yourself. You have shopped around and found the car of your dreams. It costs $15,000. You have $2,000 in your savings account that you are going to use for a down payment and you plan to borrow the remaining $13,000 You have some different options to choose from for financing the car - through your bank and through the car dealership. With the information below, calculate the different options and decide which is the best option for you. Show your calculations to receive full marks (7 marks) APR Term of Processing Monthly Total Amount Total Compounded Fee Payment Repaid Interest Monthly Bank 6% 36 months Dealership 48 1% months Loan Cost 5%