Buddy Holly will sell you the Big Bopper for $40,000. The deal is you pay for the Big Bopper in three equal annual payments that include interest at 4%. You put no money down and the first payment is not due until one year from today!! You called the bank and they said that they would charge you 10% for a similar loan. A.) How much are the payments if you take Buddy's deal? B.) How much are you really paying for the Big Bopper under Buddy's deal? C.) If you amortize the Buddy deal properly, the interest for the first year would be?