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Please help! BMW that has a sticker price of $62,540 with factory and dealer rebates of $6,000 (a) Find the monthly payment if financed for

Please help! BMW that has a sticker price of $62,540 with factory and dealer rebates of $6,000

(a) Find the monthly payment if financed for 60 months at 0% APR

(b) Find the monthly payment if financed at 2.5% add-on interest for 60 months. (c) Use the APR approximation formula to find the APR for part (b).

Assume the car can be purchased for 0% down for 60 months.

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