For this week's Critical Thinking assignment, locate a Credit Union or Bank that offers auto loans. Identify a potential new vehicle that you are interested in. Utilizing the purchase price and the Annual Percentage Rate (APR) that is identified for the financial institution, provide what your monthly payment would be for an amortized loan over a 5-year period. Identify at least 3 factors that would take into account that would cause a variation in this payment amount.

Additionally, identify how you could compute the outstanding balance on the loan 2 years into the payment history.