Question #5 TVM - Future Value & Payments ou want to start saving on a monthly basis so that you can purchase a $50,000 car using cash 36 months from today (starting with $0 saved) (4) A. How much do you need to save each month, earning 10.0% interest annually, in order to accumulate a Future Value (FV) of $50,000 in three years' time? (4) B. Suppose you don't wait and purchase the $50,000 car today. If you financed the entire $50,000 (no fees or taxes added), how much would the monthly payments be if you pay 15% interest annually and pay off the $50,000 loan in 36 month's time? Month (2) C.1. In total, how much do you save if you "saved" the money (scenario A) versus taking a loan and made monthly payments over the three years (scenario B)? C.2. Explain in 30 words or less, why does that occur? Note: Savings and loan payments are compounded monthly