Suppose you want to borrow $$40,000$ for a new car. You can borrow at $8\%$ per year, compounded yearly.

a$.$ If you take a $5-$year loan, what is your monthly payment?

b$.$ Please prepare a loan amortization schedule for the $5-$year loan. $($Breakdown by PV$/$NPER$/$Rate$/$FV$/$PMT and then Year$/$Beginning Balance$/$Total Payment$/$Interest Payment$/$Principal Paid$/$Ending Balance for part $2$ please$)$