purchase of a new automobile, and the annual interest rate is

24%

(

2%

per month).\ a. Monthly payments over a 48-month loan period will be how much?\ b. How much interest and principal will be paid within three month of this loan?\ Click the icon to view the interest and annuity table for discrete compounding when

i=2%

per month.\ a. The monthly payment over a 48-month loan period is

$586.80^('')

. (Round to the nearest cent)\ b. Fill in the table below. (Round to the nearest cent)\ \\\\table[[Payment Nurnber,Interest Payment,Principal Repayment,Remaining Loan Balance],[1,

$

,

$

,

$

and the annual interest rate is 24% ( 2% per month). ents over a 48 -month loan period will be how much? b. How much interest and principal will be paid within three month of this loan? Click the icon to view the interest and annuity table for discrete compounding when i=2% per month. a. The monthly payment over a 48 -month loan period is $586.80. (Round to the nearest cent)