Answer the question below. It is important that you show your work. Either type the formula used or your inputs (PN, N, etc.) You'd like to purchase a new car when you graduate and start working. The car that you would really like costs $35,000. You've checked with the bank and based on your income, you would qualify for a car loan with an annual interest rate of 5.9% with a 3- year repayment period. You now realize that you're not able to afford this car payment each month and still pay your other monthly expenses. The bank offers a 5-year car loan with the same interest rate. If you were to choose the 5-year car loan instead of the 3- year car loan, how much lower would your monthly payment be? To answer this question, conduct an internet search and find at least two online TVM calculators. Compare your answers from the two calculators and reconciled any differences. Are the answers close or very different to your own calculation? (Please provide your calculation) 5 points