A construction company signed a loan contract at 6.18% compounded annually, with the provision to pay $795 at the end of each month

for four years.

(a) What is amount of the loan?

(b) How much will be owed at the end of sixteen months?

(c) How much of the principal will be repaid within the first sixteen months?

(d) How much interest is paid during the first sixteen months?

(a) The amount of the loan is $ ( )

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

(b) The amount owed at the end of sixteen months is $ ( )

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

(c) The amount of principal repaid is $ ( )

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

(d) The interest paid is $ ( )

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)