Edmonton Pizza borrowed money to redesign their restaurants. Payments of $2,050 would be made at the beginning of each month for four years, starting in eight months. Interest on the loan is 4.5% compounded annually.

(a) How much must the company borrow today?

(b) What will be the amount of the total payments?

(c) How much of the amount paid will be interest?

(Round the final answer to the nearest cent. Round all intermediate values to six decimal places as needed.)