Listen You are considering buying a new car. The sticker price is $20,000 and you have $5,000 to put toward a down payment. If you can negotiate a nominal annual interest rate of 12 percent p.a. and you wish to pay for the car over a 3-year period, what is your monthly car payment? 1) 611.84 2) 498.21 3) 599.65 4) 475.32 5) 567.32