A friend of yours has financed $39,550 on the purchase of a new automobile, with an interest rate 15% compounded monthly. Monthly payments were calculated to be $1,100.71, and the loan will be paid off over 48 months. How much interest and principal will be paid in the third month of this loan? Construct a table to show the interest and the principal payments along with the ending loan balance for the three months. Period Beg. Balance Payment Interest Charge Principal Payment End. Balance 0 1 2 3