Homework: Unit 7 Lab Assignment Save HW Score: 0%, 0 of 40 pts Score: 0 of 4 pts 2 of 10 (0 complete) Question Help Problem 4.LO4.14 You are considering the purchase of a BMW MS. You will borrow the money from BMW Financial Services. The terms of the deal are outlined below: BMW MS RWD, 500hp, 0-100 in 4.7s MSRP $110,000 Term 48 months APR 8% Down Payment-So Monthly Payments $2,685.42 The amortized loan payments are a blend of interest and principal. What is the total amount of interest you would pay over the life of the loan? Assume that taxes are zero. What is the total amount of interest you would pay over the life of the loan? (Round to the nearest dollar) Homework: Unit 7 Lab Assignment Save HW Score: 0 %, 0 of 40 pts Score: 0 of 4 pts 3 of 10 (0 complete) Question Help Problem 4.LO4.35 The Shelby Cobra retails for $39,620 (all taxes included). What are the monthly loan payments for the car if you make a down payment of $4,589, the term is 5 years and the APR is 13%? (Car loan payments are made at the end of each month.) What is the amount of the monthly payment? (Type a number to the nearest cent.)