Loan Payments $($Annual$)$

a$.$ If you take out an $$38,000$ car loan that calls for $3$ annual payments starting at the

end of the year. The car loan has an interest rate of $10\mathrm{.}60\%,$ what is your annual

payment? $($Do not round intermediate calculations. Round your answer to $2$ decimal

places.$)$

Annual Payments

$.$b If you take out an $$38,000$ car loan that calls for $3$ annual payments starting at the

beginning of the year. The car loan has an interest rate of $10\mathrm{.}60\%,$ what is your annual

payment? $($Do not round intermediate calculations. Round your answer to $2$ decimal

places.$)$

Annual Payments