Your company plans to purchase a new dump truck 8% nominal annual for 48 months. Purchase price is exist60,000 and you put exist5K as a down payment. Interest is compounded weekly and you make monthly payments at the end of each month (first payment at end of first month). Answer the following questions: What is your monthly interest rate ________ What is your monthly payment ________ What is your outstanding balance after your 24^th payment? ________ How much principle do you pay on your 25^th payment? ________