Question #5 TVM-Future Value & Payments Suppose you want to start saving on a monthly basis so that you can purchase a $25,000 car using cash 36 months from today (starting with $0 saved). 5) A. How much do you need to save each month, earning 20% interest annually, in order to accumulate a Future Value (FV) of $25,000 in three years' time? (5) B. Suppose you don't wait and purchase the $25,000 car today. If you financed the entire $25,000 (no fees or taxes added), how much would the monthly payments be if you pay 12% interest annually and pay off the $25,000 loan in 36 month's time? (2 pts Extra Credit) C. How much do the above monthly payments differ? In 50 words or less, explain why the monthly payments differ