l take out a car loan in the amount of $12,000 for 60 months at 6.95% per year conmpounded monthly. with payments on the loan at the end of each month. (a) What are the monthly payments on this loan? Show how you get your answer, and give your answer rounded to the nearest cent. (b) After 24 monthly payments, what is the remaining balance of the loan? (Note: use the payments from (a) rounded to the nearest cent.) Show how you get your