Brett borrowed $15,000 at 6% interest to buy a car. It is a 5-year loan. Find the monthly payments. (Round your final answer to two decimal places.) Need Help? Read itTalk to a Tutor Read It 18. -11 points RolfFM8 5.4.044. My Notes Ask Your Teacher How much should be placed in an annuity that earns 8.8% compounded annually to provide college expenses of s20,000 per year for 4 years? (Round your final answer to two decimal places.) Need Help? Read It Talk to a Tutor 19. -12 points RoltFMB 5.4.046. My Notes Ask Your Teacher Carissa's parents were unable to pay for her last year of college, so she obtained a student loan of $8,000. The conditions of the loan were: She would make no payments while in college, but the interest would accumulate at 3.1% compounded monthly. Upon graduation she would begin equal monthly payments that would repay the loan in 6 years. (Round your answers to the nearest cent.) (a) What was the amount of the loan when she graduated 1 year later? (b) What monthly payments will repay the loan in 6 years