Personal Finance Problem P5-48 Monthly loan payments Tim Smith is shopping for a used car. He has found one priced at R45,000. The dealer has told Tim that if he can come up with a down payment of R5,000, the dealer will finance the balance of the price at a 12% annual rate over two years (24 months). a. Assuming that Tim accepts the dealer's offer, what will his monthly end-of-month) payment amount be? b. Use a financial calculator or Equation 5.15a (found in footnote 9) to help you figure out what Tim's monthly payment would be if the dealer were willing to finance the balance of the car price at a 9% annual rate