A) You just purchased a new car and had to borrow $25,000. According to the financing arrangement, you must repay the loan via 5 years of monthly payments at a nominal rate of 5.5%. How much are each of those monthly loan payments?

$234.85

$208.33

$240.49

$352.28

$477.53

B) the 3rd payment consists of how much interest?

$111.25

$148.13

$154.94

$231.10

$387.00