Codv borrowed $16750 from his credit union. He agreed to repay the loan by making equal monthly payments for 4 ears. Interest is 5 95 % compounded monthlv

a )How much wil the loan cost him?

b)How much interest will he pay in his 26th payment?

c) How much of the principal will be repaid in the 18th payment?

d) Prepare a partial amortization schedule showing details of the first three pavments. Payments 24, 25, 26, the last three payments, and totals.