Homework: Section 10.3 Exercises Save Score: 0 of 1 pt 10 of 14 (10 complete) HW Score: 50%, 7 of 14 pts 10.3.21-BE i Question Help A car manufacturer is offering the choice of a 0.5% loan compounded monthly for 60 months or $600 cash back on the purchase of a $16,000 new car. Complete parts (a) through (c) below. (a) If a car buyer takes the 0.5% loan offer, how much will the monthly payment be? The car buyer's monthly payment will be $ (Do not round until the final answer. Then round to the nearest cent as needed.)