Suppose you have decided to purchase a car for a total of $24,000, and that you have $4,000 in savings to use as a down payment. You plan to finance the rest of the cost of the car at an interest rate of 4.5% APR for a term of 5 years. Round all answers to the nearest cent. E.g., 24.57, 35.00. How much will the principal of the loan be? Use the payment (PMT) formula to calculate your monthly payment for this car loan. Calculate the total/sum of all payments for this loan. Calculate the total interest paid on this loan. Interest = Sum payments - Principal $4 Altogether, including the down payment, what was the total cost of this car after financing the purchase? %24 %24 %24 %24 %24