11. You purchase a new car for $40,000. You make a 10% down payment and amortize the rest of the purchase price with monthly payments over the next 5 years. The interest rate is 3% compounded monthly. Number of periods n= rate per period i = a) Find the loan amount b) Find the size of each payment. c) Find the interest paid, balance reduction and Unpaid Balance for the first payment interest paid balance reduction Unpaid Balance