After visiting several automobile dealerships, Richard selects the car he wants. He likes its $14,500 price, but financing through the dealer is no bargain. He has $2,900 cash for a down payment, so he needs a loan of $11,600. In shopping at several banks for an installment loan, he learns that interest on most automobile loans is quoted at add-on rates. That is, during the life of the loan, interest is paid on the full amount borrowed even though a portion of the principal has been paid back. Richard borrows $11,600 for a period of five years at an add-on interest rate of 10 percent.

only looking for the answer to the last question please give explanation thank you.

b. What is the total cost of the car? Total cost c. What is the monthly payment? d. What is the annual percentage rate (APR)? (Enter your answer as a percent rounded to 2 decimal places.)