Instructions: Complete the two financial health activities (The True Cost of a New Car and The True Cost of Credit Card Use) presented in Unit 7 Topic "Financial Health" related to spending money you do not have. Share your experience with "The True Cost of a New Car" activity with your peers Change the size of the loan, years to pay it back, and the interest rate three (3) to four (4) times. Start with the lowest loan amount you might need for your new care and increase by $5000 to $10000 each turn. Start with a 3% loan (entered as .03) and increase by one (1) or two (2) percent each turn. In each case choose between 5 and 7 years to pay it back. Describe one of the monthly payments you would have to make based on your selections. Loan amount? Interest rate? Years to pay it back? Monthly payment? Total car cost? Discuss the potential impact a car payment of that size might have on your monthly budget. Describe the other monthly expenses you would have to remove or reduce to make your payments. Why Is or isnt the car worth the sacrifices you might have to make given the size of the monthly payments? What other options do you have to avoid taking out a car loan? Share your experience with " The True Cost of Credit Card Use" activity with your peers Consider the following scenario: You spend an extra $50 a month using a credit card for the first year after graduation to make ends meet. The interest rate charged by the credit card company is 18%. The minimum payment you are required to send each month is $20. Now consider the real cost of that $50 dollars a month by the end of that first year provided to you in the exercise. How might the continued use of a credit card to fund an extra $50 of spending per month affect your long-term financial health? Describe two ways you could avoid the long-term consequences of spending more than you have on a regular basis. Please be sure to validate your opinions and ideas with citations and references in APA format.