16) A car loan for $38,550 has an interest rate of 2.25% and is amortized over 60 months. What is the monthly payment on the loan? a. $425.78 b. $679.92 c. $436.98 d. $351.24 17) Using the same facts as #16, what is the balance of the loan after 3 full years of payments? a. $14,969.42 b. $8,299.28 c. Zero d. $15,942 18) Limited liability is an advantage found for all owners in the following kinds of businesses: a. Limited Partnerships b. General Partnerships c. Corporations and LLC's d. Sole Proprietorships and LLC's