Suppose Samira would like to purchase a car for $22,475, including all taxes and fees. Samira would like to make a down payment of $2,700 and then finance the remaining cost using a four-year loan at 4.41%. Determine the monthly payment required to repay the loan and the total interest paid over the life of the loan. Round solutions to the nearest cent, if necessary. The monthly payment is $ The total interest paid is $ Hint: Related Formula The loan payment formula for fixed installment loans is given by the expression P( I) PMT = [1 - ( 1+ =) -726 7 where PMT is the periodic payment required to repay a loan of P dollars, paid n times per year over t years, at annual interest rate of r %. Submit All Parts