You are considering buying a car for $10,000.00. You put $2,000.00 down and are thinking about taking out a 60-month loan at 10.375% simple interest to pay for the rest. Round all answers to the nearest penny, if needed, unless otherwise directed. How much will your principal be? At the end of 5 years, how much will you have to pay back?   If you made monthly payments, how much would they be? How much will the car cost, in total? If you decided to take a 2 year loan at the same rate, what would your monthly payments be? Assume equal monthly payments.

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