Please use 6.61% as Interest, Please Solve below..

Assume you invest the money as follows: a. For the difference in the down-payment, assume you invest that money as a lump sum, for 3 years, compounded monthly at the same interest rate as your car loan, if you have chosen 6.61% or 9.45%. If you have chosen a higher interest rate than 9.45% for your car loan, wese 6.61% because Rates of Return higher than 9.45% are unrealistic. b. For the difference in the monthly payments, assume you invest that money monthly in an investment for 3 years, compounded monthly at the same interest rate as defined in part a. Fill in the interest rate for the investment analysis you are using here: Determine how much money you would accumulate for the following: (Be sure to show your calculations for credit!) a. How much would your lump sum investment (from the down-payment difference) be worth after the 3 years? b. How much would your monthly savings investment (from the monthly payment difference) be worth after the 3 years? c. What is the Total Accumulated (lump sum + monthly investment)? d. How much of this Total Accumulated would you contribute? e. How much interest would you earn? Project 1 Part 2 Car Loan Payments and Trade-offs Worksheet f. Summarize the previous amounts in Table 2.2 Table 2.2 Trade-off Analysis Summary New Car Used Car Difference in Down-Payment Car Options Moethly Payment Amount Accumblated for Lump Sum Investment Aliernative Arsount Accursulated for Monthly Investment Alernative Total Accurmulated Altemative Amount of Your Contribution Alternative Amount of Interest Eamed Alternative Based on the data in Table 2.2, discuss and analyze at least three considerations in deciding whether to purchase a new car, a used car and/or invest the difference in cost. Then, identify your best course of action