In this assignment you will start by researching how much your dream car would cost (please include a picture of the car, and cost). Please do not hold back on the cost of the car. Cadillac Escalade $102,398 1. How much would you have to put down as a lump sum in order to be able to buy the car in 20 years if the interest is 9%... a) With simple interest b) with interest compounded monthly c) How much of the money you put down is interest in each scenario 2. As you can see just a lump sum collecting interest is a lot of money to put down all at once. It may be more feasible to make smaller monthly payments when purchasing this car. a) What is the monthly cost of the car if you are financing it over 10 years at 4% interest compounded monthly. b) How much interest are you paying above the original cost of the car