Please Solve

5. [18] Suppose you borrow.r $15,,[l at the start of 2H2] to buy a car. You intend to pay the loan hack each month over 5 years beginning at the and of January 2011. It'the loan rate is effectively [1.25% per month, please answer the following questions: a. Wt will he your monthly pamt it" you do pay it off overN = 5 years? h. What is the remaining balance of your car loan iinrnecliately after making your 24$TJ1 payment at the end of year 2'? t. Slippose instead you send the bank a check for $440 eyery month. Rounding off to the nearest nomher of months, how many months are required to pay off the loan by paying $44 each month asstnning that the hank applies the proper portion of each payment to interest or principle at [1.25% per lIlOIlth?