You are looking to buy a car. You will use $4,200 in savings and finance the rest. You believe you can get a 36-month loan at 3% APR. If your desired car will cost $36,500 out the door.

A) How much will be your monthly payments?

B) How much interest will you pay in the first six months?

C) Assume you can only budget $600 per month for a car payment. If you instead take out a 5-year loan, what is the most your desired car can cost?