Assume that you are in the marked for purchasing a new car that has the total cost of 18,000. You will trade in your used car for which $7500 is allowed. The balance will be financed over a period of three years. If the interest rate is 2.99% per year, compounded monthly, what will your monthly payments be? The first installment is to be paid at the end of the first month. Draw the cash flow diagram for this