K Suppose that you borrow $16,000 for three years at 6% toward the purchase of a car. Use PMT = to find the monthly payments and the total interest for the loan. -nt] 1 + The monthly payment is $ . (Do not round until the final answer. Then round to the nearest cent as needed.) The total interest for the loan is $ (Use the answer from part (a) to find this answer. Round to the nearest cent as needed.)