If you purchase a new Ford for $50,000 today, what is your monthly payment if you borrow at a 6.00% nominal rate compounded monthly though? Assume that you put 10% of the $50,000 cost "down" from your savings account and sign a 48-month loan for the remaining portion of the $50,000 with the first payment due one month from today. Discuss if you think this is a vehicle your team would purchase and why