Presume the value of the car is 50k$

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. [Print out a fact sheet or brochure, if available, about your selected used car] [15 pts] Using the used car price, calculate your monthly payments for a five-year term, 8% expected APR, with $10,000 down. Compare the payments to that of a new car a. 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 15% APR. How does this affect your monthly payment for a four-year term? 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? c