3. You are thinking about buying a car, and a local bank is willing to lend you $212,440 to buy it. Under the terms of the loan, it will be fully amortized over 2 years (24 months), and the nominal rate of interest is 12 percent with interest paid monthly. What would be the monthly payment on the loan? S monthly (write approximate number without fractions). 4 Which amount is worth more at 14 percent.compounded annually: 1. $1,000 in hand today 2. or $3,500 due in 6 years 3 or 5000S due in 10 years? (write the number of the right answer either 1 or 2 or3)