Barry Husowitz has bought a new car and requires a loan of $20,000 to pay for it. The car dealer offers Barry monthly payments for 3 years starting one month after purchase, with an interest rate of 12 compounded monthly. Find Barry's monthly payment A 10-year loan of $10,000 with monthly payments based on a 12% interest convertible monthly, is being repaid by paying the interest every month and accumulating the principle by means of monthly deposits into a sinking fund. The sinking fund earns 6 compounded monthly. What are the total monthly payments needed to pay back the loan