Your bank offers you a 36-month, 3% APR car loan for a $50000 new Mercedes SLK300 Roadster. What will your monthly payment be? Lauren knows she can afford to make monthly payments of $550 for 60 months. How much will the bank lend her today on a 3% APR car loan in exchange for her promised monthly payments? You found your dream house. It will cost you $200000 and you will put down $45000 as a down payment. For the rest you get a 30-year 5.0% mortgage. What will be your monthly mortgage payment in S (assume no early repayment)