Tan Company purchased a large server for $12,000. The company paid 35% of the value as a down-payment and received a loan for the balance at 7.35% compounded monthly. The loan has a term of 3 years and Tan Company had to make month-end payments until the loan was settled.

a. Calculate the size of the month-end payments.

b. What was the total amount paid to settle the loan?

c. Calculate the total amount of interest paid throughout the term of the loan.