1. Park 3.48 An automobile loan of $20,000 at a nominal rate of 6% compounded monthly for 36 months requires equal end-of-month payments of $608.44. Complete the following table for the first six payments as you would expect a bank to calculate the values: Interest Payment Remaining End of Month Principal Payment (n) Balance $20,000.00 $0.00 $0.00 $508.44 1 $510.98 2 $68.64 13 $38.20 24 $0 36