QUESTION 10 5 points Save Answer Use this problem statement to answer the following six questions (parts a-f). Indicate your answer for each question (no dollar signs). Show your work in the Excel file for partial credit. payments. A used car costs $12,000. If you make a $2,000 down payment, the dealer will finance the remaining amount for 59% per year, compounded annually. You must make 15 annual a. If payments begin at the end of the first year, what size payment is required? Express your answer in dollars, rounded to the nearest cent (2 decimal places).Bonus (3 points) - no partial credit. f. The dealer offers you a discount on the $12,000 purchase price of the car if you pay cash. Your current investments are earning 10% compound annual interest. What discount (percentage of the purchase price) would make you indifferent between paying cash and financing the loan with annual payments, as described in part a? Show your answer as a percentage with 1 decimal place, i.e., 10.2 is 10.295