Please assume there isn't xyz. Will thumbs up thanks

1. Two years ago, you purchased a new car. You paid $10,000 down in cash and financed the remaining balance with a five-year loan from your bank at a stated annual interest rate of 3% (APR, compounded monthly). Your monthly payments of $250+XYZ are due at the end of the month. Two years later, you have just made your 24th monthly payment on your car. Assume that you have made all of the first 24 payments on time. Note: XYZ refers to the last three digits of your student number. For example, if the last three digits of your student number are 123, then your monthly payments in this question are 250+123=373 (a) How much did the car cost when you purchased it? (b) How much interest have you paid over the first two years of your loan? (c) Today you are in a stronger financial position than when you first bought the car. Suppose you are willing to increase your monthly payments by $200. How long will it take you to pay off the outstanding balance of your car loan? (d) You were able to negotiate an offer from another bank for a 3-year term loan with monthly payments and a more attractive interest rate of 1.99% (APR, compounded monthly). You would like to take advantage of the lower rate and refinance your car loan - that is, roll over the outstanding balance into a new loan. If your bank charges a 1% pre-payment penalty based on the outstanding loan balance, is it worthwhile to switch banks? (e) You just got a new job, and you are considering whether to pay off the loan in full using the big signing bonus you just received. Is the decision to pay off your car loan affected by the fact that you also have $5,000 of credit card debt with interest rate of 4.99% (APR with daily compounding) and a bank savings account paying 5% EAR? What other factors do you take in consideration when making this decision? Explain