Question: A construction company signed a loan contract at 3.21% compounded annually, with the provision to pay $625 at the end of each month for three

A construction company signed a loan contract at 3.21% compounded annually,

A construction company signed a loan contract at 3.21% compounded annually, with the provision to pay $625 at the end of each month for three years. (a) What is amount of the loan? (b) How much will be owed at the end of fifteen months? (c) How much of the principal will be repaid within the first fifteen months? (d) How much interest is paid during the first fifteen months

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