6. You want to purchase a used car in excellent condition. You have decided on a car with low mileage that will cost $24,000. After considering several alternatives, you identified a local lending source that will charge her an interest rate of 6% per annum compounded monthly for a 48-month loan: (a) What will be the size of her monthly payments? (10 points) (b) What will be the remaining balance on your loan immediately after making your 24th payment? (15 points) 1 Page