Alice purchases a boat The purchase price is $18300 and she makes a down payment of $3.800. She finances the balance for six years. There are level end- of-month payments (except for a slightly reduced final payment) and the loan is made at an annual effective rate of 5.2%.

(a) Find the amount of the first seventy-one payments.

(b) Find the outstanding loan balance just after twenty-fourth payment the twenty-fourth payment.