Assignment 6 (Chapter 5 Learning Goals4 omework: H core: 0 of 9 pts 5-50 (similar to) Monthly loan payments Personal Finance Problem Tim Smith is shopping for a used car. He has tound one priced at $5,000. The salesman has told Tim that if he can come up with a down payment of 6of9(S complete) HW Score: 46.41%, 46.41 of 1G Question Help $1 100, the dealer w a finance the balance of he pnce at an annual rae of 14% over 2 ears 24 morths fint Use n e mal paces tr ne monthy terest ale Mae you can at s) a. Assuming that Tim accepts the dealers offer, what will his monthly (end-of-month) payment amount be? b. Use a tnancial caiculator or spreadsheet to help you tigure out what Tim's monthly payment would be it the dealer were wiling to finance the balance of the car price at an annual rate or 9%7 a Tims monthly (endot month) payment amount is S (Round to the nearest cent) Enter your answer in the answer box and then click Check Answer Check Answer Clear A remaining 02 96 3 4 5 6 7 8 9 0 2