You have an outstanding student loen with required payments of $600 per month for the next four years. The interest rale on the loan is 8% APR (monthly). You are considaring making an extra payment of $100 loday (that is, you will pay an extra $100 that you are not requred to pay). If you are required to continue to make payments of $600 per month until the loan is paid of , what is the amount of your final payment? What eflective rate of retum (expressed as an APR with monthly compounding) have you eamed on the \$100? H you aee required to continue to make payments of $600 per month unti the loan is paid of, what is the amount ol your fnal paymnnt? The amount of your find payment is 1 (Round to the nearest cent)