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Question 2 (4.5 points) Round all dollar amounts and percentages to two decimal places. Your friend tells you he is making month-end payments of $603.87 for the next 3 years to pay off the balance of his car loan. The interest rate he is being charged is 3.7% compounded annually. a. What is the amount of the balance he is paying off? Considering inflows and outflows of cash, compute your answer by filling in the missing values. [2 points) Mode N IY PV PMT PY FV b. Your friend forgot to mention that he made a $3,500 down payment on the car. Using your answer from (a), determine the actual purchase price of the car. [1/2 point) c. By the time your friend makes his last payment, how much will he have contributed, in total, towards the purchase of the car? point] [1 b. Your friend forgot to mention that he made a $3,500 down payment on the car. Using your answer from (a), determine the actual purchase price of the car. [1/2 point) c. By the time your friend makes his last payment, how much will he have contributed, in total, towards the purchase of the car? point) [1 d. How much interest will your friend end up paying by the time he makes his last payment? [1 point] Format I o