(3) How much do you save with the 5-year loan if you put 10% down? (4)...

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(3) How much do you save with the 5-year loan if you put 10% down? (4) How much do you save with the 5-year loan if you pay an extra $100 each month? Explain... (5) Which do you think is the best financing strategy? Financing a Car In this lab you will use the amortization spreadsheet to answer questions related to buying a car. Assume a 5% APR. As far as the car in concerned, you can find it wherever you want on the web. I would ask that you be reasonable in your purchase, on both ends of the spectrum. In other words, don't buy a $150,000 car or a $2,000 car. You should describe your car including a picture and any other interesting information on why you chose it. Again answer the questions in a complete sentence and turn in one PDF document. (3) How much do you save with the 5-year loan if you put 10% down? (4) How much do you save with the 5-year loan if you pay an extra $100 each month? Explain... (5) Which do you think is the best financing strategy? Financing a Car In this lab you will use the amortization spreadsheet to answer questions related to buying a car. Assume a 5% APR. As far as the car in concerned, you can find it wherever you want on the web. I would ask that you be reasonable in your purchase, on both ends of the spectrum. In other words, don't buy a $150,000 car or a $2,000 car. You should describe your car including a picture and any other interesting information on why you chose it. Again answer the questions in a complete sentence and turn in one PDF document.