I D010/QUILLUSJUU555/lake V W Search Compute the monthly payment on a $35,000 loan if the principal and interest are to be repaid in 84 equal installments with the first payment due one month from now. The annual interest rate is 6.50% (i.e. 1.0650/12 to calculate the monthly rate). What is your initial payment? Round your answer to the nearest whole cent. 519.75 Question 3 5 pts Now compute the monthly payment on a $35,000 loan if the principal and interest are to be repaid in 96 equal installments with the first payment due one month from now. The annual interest rate is 6.50% (i.e. [.0650/12 to calculate the monthly rate). What is your initial payment? Round your answer to the nearest whole cent. Question 4 5 pts Using your answer for the last two questions, what is the difference in payments between a repayment period of 84 and 96 periods? Round your answer to the nearest whole cent