The problem describes a debt to be amortised. (Round your answers to the nearest cent.) Sean Lee purchases $20,000 warth of supplies for his restaurant by making a $4,000 down payment and amortizing the remaining cost with quarterfy payments over the next 4 years. The interest rate on the debt is 16% compounded quartery. (o) Find the size of each payment. 3 (b) Find the total amount paid for the purchase: 13 (c) Find the total interest paid over the life of the loan