Kimberly Jensen of Storm Lake, lowa, wants to buy some living room furniture for her new apartment. A local store offered credit at an APR of $16$ percent, with a maximum term of four years. The furniture she wishes to purchase costs $$4,000,$ with no down payment required. Using the table here Monthly installment payments for a loan $pd{f}_d$arr, make the following calculations $($round all intermediate calculations to two decimal places$)$:

a$.$ What is the amount of the monthly payment if she borrowed for four years? Round your answer to the nearest cent. Use rounded answer for later calculations.

$

b$.$ What are the total finance charges over that four$-$year period? Round your answer to the nearest dollar.

$

C$.$ How would the payment change if Kimberly reduced the loan term to three years? Round your answer to the nearest cent.

A$($n$)$ INCREASE$/$DECREASE $($select one$)$ of $ compared to the $4-$year loan.