Tan Company purchased a large server for $15,500. The company paid 35.00% of the value as a down-payment and received a loan for the balance at 8.88% compounded monthly. The loan has a term of 6 years and Tan Company had to make month-end payments until the loan was settled.

a. Calculate the size of the month-end payments. $278.47 $181.01 $107.47 $179.13

b. What was the total amount paid to settle the loan? $20,049.84 $7,089.84 $13,032.72 $12,897.36

c. Calculate the total amount of interest paid throughout the term of the loan. $2,957.72 $9,974.84 -$2,980.16 $2,822.36