please do questions 1 & 2 and parts A through D on both questions

Bulld and price a new car of your choice (something other than the car your instructor demonstrated in class). a. Calculate your monthly payment for a five-year term, 5% expected APR, with a $10,000 down payment. b. What happens to your payment if you decrease your term to three years? c. You lost your savings and can no longer afford to put money down on the car. The day worsens when the dealership informs you that your credit rating is less than ideal, and your expected APR is 18%. How does this affect your monthly payment for a three-year term? d. Multiply your monthly payments by the amount of months in the term to determine the total price you will have paid for the car. How much more are you paying for the car in comparison to the selling price? 2. Visit a website that sells used cars (e.g. AutoTrader.com) to see how much the used version of the car you selected earlier cost. Use that price for the following questions. a. Using the used car price, calculate your monthly payments for a five-yeor term, 5% expected APR, with $10,000 down. Compare the payments to that of a new car. b. Once again, you cannot afford to put any money down on the car and the dealer informs you your poor credit results in an 18% APR. How does this affect your monthly payment for a three-year term? c. Mulfiply your monthly payments by the amount of months in the term to determine the total price you will have paid for the car. How much more are you paying for the car in comparison to the selling price