Heather has $13,000 to put down on a new car priced at $25,000. The bank offers an annual interest rate of 5.5% compounded quarterly for 2 years. (a) How much money does Heather need to borrow? Heather needs to borrow $ . (b) What are her payments? Heather's payments are $ per quarter. (c) Make an amortization table for her payments.

End of Period	Interest Charged	Payment	Payment towards Principal	Outstanding Principal
0	--	--	--
1
2
3
4
5
6
7
8

(d) How much interest did she pay in the two years? Heather paid $ in interest.