Joseph is considering a used car currently valued at $13,000. He can get an interest rate of 3.25% annually for a 5 year car loan. Joseph currently has $14,000 in a savings account and wants to use some of his savines for a down payment. 1. If Joseph decided to put $3,000 down as a down payment, what are his monthly payment? 2. If Joseph decided to put $5,000 down as a down payment, what are his monthly payments? 3. How much does Joseph save in interest if he puts $5,000 down compared to $6,0007 4. If Joseph decides to pay for the whole thing what could he potentially save in interest payments? 5. If Joseph can invest $13,000 in an 8% annual investment. Alternatively he is considering just paying cash for the car leaving him no payment. Which would you recommend and why? Include the numbers