so as much detail as possible

11. You finance a car at 3% /a for 5 years. The car's ticket price is $18,000. You pay a $5,000 down payment a) How much will you still owe over 5 years? (ticket price less your down payment) This will be your "PV" value. You will finance the amount in part a) using the following information 1-(1+i)" PV = R i= 3%/a compounded monthly R=unknown monthly payments n= every month for 5 years PV = from part a). b) Find out what your monthly car payments will be for the next 5 years. 6 c) Figure out how much interest you have paid for your car [Rx12x5)-[PV] = 2