Kendra has a loan with an effective rate per payment period of 0.70398%. The principal amount of the loan is $35,045.29 and the level payments are $391.17.

a) Compute the term of the loan (number of periods).

b) Kendra changes her payments to $389.00 per period. Now compute how many periods it takes Kendra to pay off the loan if her last payment is a drop payment. (The effective rate per period is unchanged.)

c) What is the amount of her final payment in part b