QUESTION 3 (10 points total) Show your calculations. Do NOT write down your financial calculator buttons or Excel functions as formulas. a. (4 points) Assume that you interested in buying a 2020 Jaguar I-Pace, an all-electric luxury compact crossover with space, style, driving skills and a range of 253 miles, at the price of $39,500. Your current car has a trade-in value of $2,500. Bank of Des Moines offers you 4.8% APR over five years (60 months) for the loan. If you trade in your current car and borrow remaining amount from Bank of Des Moines, what will be the monthly payment for the car? Ignore taxes, title and registration fees, and other costs. b. (4 points) Suppose that the Jaguar dealership offers you an alternative monthly payment plan at $599 at 4.8% APR for six years (72 months) instead. Is it a better deal? Answer it by computing the PV of the payment. c. (2 points) Compute the EAR, also known as APY, using the figures from (b)