1. After graduation you decide to buy your first car. You decide you want to get a Mercedes C300. You negotiate the price down to $40,000 and finance the vehicle through Indiana University Credit Union (IUCU). Todays new car loans are 4% APR. a. (2 points) If you finance this car for 60 months, what is your monthly payment? b. (4 points) Create an amortization table showing monthly payment, monthly interest and monthly principle paid. After the first year (12 months), how much interest have you paid?