Vehicle cost (in dollars): $27, 904 Down payment (in dollars): $4, 000 Do you want to trade in your vehicle? (optional): No Interest rate (in %): 5.23 Term: 60 months Incentives (optional): $0 Do you want to compare car loans? (optional): No (a) Write down the results you obtain from the CIBC webpage for Monthly payment, Total interest and Total amount of CIBC loan. (b) Find the effective monthly rate of interest. (c) Verify the monthly payment and total interest calculated by the CIBC car loan calculator. (You need to leave two decimal places for the dollar amounts you calculated).

PS: the result from the calculator:

Monthly payment: $454

Total interest: $3313

Total amount of CIBC loan: 23904