Monthly loan payments Personal Firance Problom Tim Smath is shopping for a used kxury car. Ho has found one pricod at $35,000. The doalor has told Tim that it he can come up wth a down payment of $5,500, the dealer - will finance the balance of the price at a 7% annual rate over 2 years (24 months) a. Assuming that Tim accepts the dealer's offer, what wit his monthly (end-of-month) payment amount be? b. Use a financial calculator or spreadsheot to help you figure out what Tim's monthy payment would be if the dealor wore wiling to finunco the balance of the car price at an annual rate of 3.5% a. Timis monthly (end-of-month) paymont amount is s (Round to the neatest cont) b. Timis monthly payment, if the dealer were wiling is finance the balance of the car price at an annual rate of 3.5%, would be: (Round to the noarest cent)