Consider a $49,000, three-year loan at an interest rate of 3%, payments to be made monthly. What is the monthly payment using add-on interest? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67). Question 10 10 pts Consider a 3-year installment loan. The APR is 10%. Monthly loan payments are $700. In the 17 th month, the beginning balance is $35,000. How much of the $700 payment that month would reduce the principal of the loan? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67 )