5) Walter is Andres friend and is impressed by the new car. As such Walter thinks its a good time for a new car as well. Since Walter has not been saving money, he plans to take out a loan to pay for the car. He is able to finance (c) $___35,379_______ with a 5-year loan. The loan has an APR of 3.25% compounded monthly. Round answers to two decimal places.

a. What is the minimum payment amount Walter will need to make for his car loan?

b. How much will Walter pay altogether over the life of his car loan?