You would like to purchase a new car when you graduate and start working. The car you want to purchase costs $35,000. You have checked with the bank and based on your income, you would qualify for a loan with an annual interest rate of 6 percent with a 5-year repayment period. What would be your monthly car payment? Show your work. Use the tables from the textbook, a financial calculator or search the internet and use an online TVM calculator.