$16)\_\_\_\_\_\_\_\_$A car loan for $$27,550$ has an interest rate of $7\mathrm{.}25\%$ and is amortized over $48$ months. What is the monthly payment on the loan?a$.$ $$662\mathrm{.}92$b$.$ $$577\mathrm{.}69$ c$.$ $$636\mathrm{.}98$d$.$ $$351\mathrm{.}24$

$17)\_\_\_\_\_\_\_\_$Using the same facts as #$16,$ what is the balance of the loan after $3$ full years of payments?a$.$ $ $14,482$b$.$ $ $8,299\mathrm{.}28$c$.$ $$6,632$ d$.$ $$7,651$