Mr. Data secures an installment loan to finance his study of cat food supplements to reduce his friend Worf's allergic reaction to his pet, Spot. The loan is $30,000 for 12 months at 5.5% interest. Use the Monthly Payment Plans Table in item 14 to calculate the monthly payment, then use the repayment schedule below to help you calculate the balance of the loan over time. What is the balance of Mr. Data's loan after three payments? Monthly Payment =