A van is purchased with a down payment of 25%, a payment after 3 months corresponding to 35% of the price, and another payment 5 months after the previous one for $185,000. Assuming interest of 15.6% simple annual interest, determine:(a) The cash price of the vehicle.(b) The size of the 3-month payment.(c) The cost of not paying cash, i.e. interest.It is advisable to make a time diagram
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