Question: Real-Time Data Analysis Exercise* *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Go to the St. Louis Federal

Real-Time Data Analysis Exercise* *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Go to the St. Louis Federal Reserve FRED database, and find data on the interest rate on a four year auto loan (TERMCBAUTO48NS). FRED. Assume that you borrow $41,000 to purchase a new automobile, and finance it with a four year loan at the most recently available interest rate. For November, 2020, the rate on a four year auto loan is 4.95 %. (Enter your response exactly as it appears on FRED.) If you make one payment per year for four years, what would the yearly payment be? The yearly payment will be a $ 11,548.97 payment per year. (Round your response to two decimal places.) What is the total amount that will be paid out on the $41,000 loan? Spread over four years, this is $ total in payments for the $41,000 loan. (Round your response to two decimal places.)
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