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Use the "Autо Lоаn" tаb оf the Excel Templаte to complete this problem. You are in the process of purchasing a new automobile that will cost you $45,000. You plan to put 10% down as a down payment and to finance the rest. Your credit union has quoted a 8.5% rate for you due to your excellent credit score with financing over 6 years. First, what are your payments on this loan? Second, you decide to pay $850 per month instead. How many months will it take to pay off this loan? Third, after 2 years of making $850 payments, you inherit money from your parents and want to pay off the loan. What is the balance that you will have to pay if you just made your 24th payment. Final answer below is the payoff for the loan only (3rd answer). Format for answer here. Example: $528.39 or $15,475.85; include the dollar sign and commas and round to nearest cent. Please enter as a positive number.