An auto repair shop borrowed

$18,000

to be repaid by

monthly

payments over

8

years. Interest on the loan is

9%

compounded monthly.

(a) What is the size of the periodic payment?

(b) What is the outstanding principal after payment

41?

(c) What is the interest paid on payment

42?

(d) How much principal is repaid in payment

42?

(a) The size of the periodic payment is

$nothing.

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

(b) The outstanding principal is

$nothing.

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

(c) The interest paid is

$nothing.

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

(d) The principal repaid is

$nothing.

(Round the final answer to the ne