Question: Please give each answer in a sentence in the context of the problem with units. Give any formula used in general form, define all variables

Please give each answer in a sentence in the context of the problem with units. Give any formula used in general form, define all variables in the formula.

1. Quick and Easy car loan lot let you $10,000 as an add-on loan, you buy one of their cars. The loan was for 3 years and 9% annual simple interest.

a) How much will you pay monthly for your car?

b) After all the payment are made, how much will your car have cost?

c) How much of each payment is interest?

d) The effective rate of interest for your last payment is the annual interest rate paid on just the last payment. Please, find this percentage. (This is the annual interest rate that you are paying for the last payment. Consider how much interest you are paying and how much you still owe.)

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