Karen plans to purchase a new sports car. The dealer requires a 20% down payment on the $44,000 vehicle. Karen will finance the rest of the cost with a fixed-rate amortized auto loan at 8.5% annual interest with monthly payments over 5 years.

Complete the parts below. Do not round any intermediate computations. Round your final answers to the nearest cent if necessary. If necessary, refer to the

list of financial formulas

.

(a) Find the required down payment.

$

(b) Find the amount of the auto loan.

$

(c) Find the monthly payment.

$