Finance Help: Tim Smith is shopping for a used luxury car. He has found one priced at $ 36,000.

Monthly loan payments  Personal Finance Problem   Tim Smith is shopping for a used luxury car. He has found one priced at $ 36,000. The dealer has told Tim that if he can come up with a down payment of ​$6,600​, the dealer will finance the balance of the price at a 6​% annual rate over 4 years ​(48 ​months).
a.  Assuming that Tim accepts the​ dealer's offer, what will his monthly​ (end-of-month) payment amount​ be?
b.  Use a financial calculator or spreadsheet to help you figure out what​ Tim's monthly payment would be if the dealer were willing to finance the balance of the car price at an annual rate of 3.4​%?

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