You have successfully negotiated the purchase price of a car for $36,000 and the dealer can offer you a program that will allow you to take possession of your new car and defer your first payment for 6 months. Interest accrues monthly on your purchase during the 6 months deferral period. Following the deferral period, you agree to make 60 monthly payments. The interest rate for entire period (deferral and payment) is 6% nominal. From your perspective, draw your cash flow diagram. If you accept the program, what is your monthly payments following the deferral period? If you did not accept the program and instead agreed to make your first payment one month after purchase, how much would your monthly payments be if the interest rate remained at 6% over the 60 months' payment period? How much interest could you have saved by not deferring your car payments