1. Noel and Herman are now trying to decide between a 48-month and a 60-month car loan. If the loan is for $10,097 at 5 percent, what is the difference in the monthlypayments?

The monthly payment for the 48-month car loan is $______. (Round to the nearestcent.)

2.What is the total amount Bae will have to repay for his $25,674 student loan if the interest rate is 6 percent over 10 years? What is the total amount he would have to repay if the $25,674 was a grant instead of aloan?

The total amount Bae will have to repay for his student loans is $____. (Round to the nearestcent.)