You just purchased a brand new car for $30,000. You used $10,000 as a down payment and financed the remainder. The loan has a 4 year term and nominal interest rate of 4%, compounded monthly (a) What is the monthly payment on your new car? Express your answer to the nearest dollar. X (b) When you make the very first payment, how much of the payment goes toward interest? Express your answer to the nearest dollar. X (c) When you make the very first payment, how much of the payment goes toward principal? Express your answer to the nearest dollar. X