You wish to buy a $22,000 car.Thedealer offersyou a 5-yearloanwith a 9 percent APR. What are themonthly payments?(Do not roundintermediate calculationsand round your final answer to 2 decimal places.)

Payment$per month=?

How would the payment differ if you paid interest only?(Do not round intermediate calculations and round your final answer to 2 decimal places.)

Payment$per month=?Computethe present value of an $1,850 payment made in 8 years when thediscount rateis 10 percent.(Do not roundintermediate calculationsand round your final answer to 2 decimal places.) 3 part answer question