3. You are now graduated, got a new well-paid job brand-new car. You stop by at your favorite car car. The sales representative shows you the car and you notice approved for 2.99% APR financing if you pay off your loan approche sales: You storedBota proved for a new well-paid job and have decided to indulge yourself by buying Presentative your favorite vorite car dealership and start negotiating on the terms to buy your % APR fin shows you the car dealership andes you notice that the card price is $35,500. You get of your loan in 5 years and 3.99 if you pay it off in 7 years. a) What is your monthly payment if you pay off your car lo b) What is your monthly payment if you pay off your car loan c) Suppose that you have $35.50 this amount in an ordinary annuity which pas answer. ou pay off your car loan in 5 years? yment if you pay off your car loan in 7 years? you buy your car in cash if you have a chance to invest Mary annuity which pays 7.641.26 for 5 years at the end of each year? Explain your