Can the monthly finance charge for the credit card transaction Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long (Round your answers to the nearest cent.) $300 balance, 14 $50 payment (a) previous balance meth + ()ted method " () average daily balance method Assume the car can be purchased for 0% down for 60 months (in lieu of rebate). A BMW that has a sticker price of $62,410 with factory and dealer rebates of $6,000. Hint: See Section 11.2, Example S (a) Find the monthly payment if financed for 60 months at 0% APR. (Round your answer to the nearest cent.) $ (b) Find the monthly payment if financed at 2.5% add-on interest for 60 months. (Round your answer to the nearest cent.) $ (c) Use the APR approximation formula to find the APR for part (b). (Round your answer to one decimal place.) % (d) State whether the 0% APR or the 2.5% add-on rate should be preferred.