3. You decide to buy a new SUV. The cost for this SUV is 43,555

(a) You buy your car in Chicago, which has a sales tax (on the car only) of 10.25%. You pay registration fees of $114 and title fees of $95. How much do you have to pay for your car including sales tax and extra fees? Round to 2 decimals.

(b) You are able to make a 10% down payment on the car. How much do you owe after the down payment? Use your answer from Question 3a to calculate. Round to 2 decimals.

(c) The value in Question 3b is the amount that you will need to get financing for. Suppose the dealership offers you a 60-month loan at an APR of 3.93%. Find the monthly payment. Do not round any intermediate calculations. Round your final answer to 2 decimals.

(d) Based on your monthly payment for a 60-month loan, how much money will the financial department at the dealer get?

(e) What is the finance charge for the 60-month loan? In other words, how much interest does the dealer get (based on the amount of money financed in Question 3b)?

(f) The dealer also offers you a 48-month loan at an APR of 3.81%. Find the monthly payment (based on the amount financed given in Question 3b). Do not round any intermediate calculations. Round your final answer to 2 decimals.

(g) Based on your monthly payment for a 48-month loan, how much money will the financial department at the dealer get?

(h) What is the finance charge for the 48-month loan? In other words, how much interest does the dealer get (based on the amount of money financed in Question 3b)?

(i) What would be the best loan for you in terms of the monthly payment? Circle your answer. 48-month loan 60-month loan

(j) What is the best loan in terms of the total money you have to pay out to the dealership over the life of the loan? Circle your answer.

48-month loan 60-month loan