Question: please solve using scientific calculator so i can what to plug in 3. Exercise: Suppose that you want to buy a $20,000 car and you

please solve using scientific calculator so i can what to plug in

3. Exercise: Suppose that you want to buy a $20,000 car and you have $3,000 already. The bank charges 5% interest compounded monthly. (a) Find the payment amount if you plan to pay off in 5 years. (Hint: since we only need o finance $20,000$3,000=$17,000, the present value is $17,000 ). N=Iq=5%PV= PMT : BEGIN (b) Find the total interest (that is, the amount over $17,000 that we have to pay, i.e

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