Nona purchased a new car earlier today for $32,000. She financed the entire amount with a six-year loan that has a 3 percent interest rate (compounded monthly).

1. Compute the monthly payments for the loan. Do not round intermediate calculations. Round your answer to the nearest cent. Enter your answer as a positive value.

$ = ?

1. How much will Nona owe on the loan after she makes payments for 3 years (i.e., after 36 payments)? Do not round intermediate calculations. Round your answer to the nearest cent. Enter your answer as a positive value.

$ = ?