3. Mary and Michael Madison have purchased a new car with a price of $28,000. They paid $4,000 down payment and signed a 4-year, 3% car loan for $24,000 to buy their car. Find out this couple's monthly car payment by preparing a loan amortization schedule for the Madison's for the first 2 months; find out how much of their payments applied to interest; and after 2 payments, how much of their principal will be reduced. (Please construct a loan amortization schedule and show your calculations). (3.5 points)