You just purchased a brand new BMW 7-series for $87,600 using a dealer loan at an interest rate of 5.92 percent and zero down payment. The terms of the loan call for equal annual payments for seven years, with the first payment made one year from today. Calculate your loan balance just after making your third payment. \begin{tabular}{c} $41,888.30 \\ \hline$54,320.19 \\ \hline$42,005.03 \\ \hline$54,432.46 \\ \hline$28,720.46 \end{tabular} Question 8 2 pts You just bought a used Camry for $17,927. You have decided to borrow the entire purchase price from your dealer at an interest rate of 5.80 percent. The loan terms call for equal monthly payments over five years. Calculate your monthly payment amount. $344.91$285.67$372.06$469.31