You are preparing to purchase a new automobile and have determined you will be able to finance $32,000 at 3% interest for 8 years. Answer the following questions based off of the provided information. a) What is your monthly payment for this purchase? b) How much interest will be paid in total for this purchase? c) After 4 years, how much do you still owe on your loan? c) How much money would you save if you rounded your monthly payment to $400.00

2) 2) You are preparing to purchase a new automobile and have determined you will be able to finance $32,000 at 3% interest for 8 years. Answer the following questions based off of the provided information. a) What is your monthly payment for this purchase? b) How much interest will be paid in total for this purchase? c) After 4 years, how much do you still owe on your loan? How much money would you save if you rounded your monthly payment to $400.00? c)