Save\ Submit Assignment for Grading\ Questions\ Practice Problem 4.5\ 4 Question 5 of 5\ \\\\table[[3.,0],[4.,0],[5.,0]]\ Check My Work (2 remaining)\ Nona purchased a new car earlier today for

$38,000

. She financed the entire amount with a seven-year loan that has a 3 percent interest rate (compounded monthly).\ a. Compute the monthly payments for the loan. Do not round intermediate calculations. Round your answer to the nearest cent. Enter your answer as a positive value.\ b. How much will Nona owe on the loan after she makes payments for 3 years (l.e., after 36 payments)? Do not round intermediate calculations. Round your answer to the nearest cent. Enter your answer as a positive value.

Check My Work (2 remaining) Nona purchased a new car earlier today for $38,000. She financed the entire amount with a seven-year loan that has a 3 percent interest rate (compounded monthly). a. Compute the monthly payments for the loan. Do not round intermediate calculations. Round your answer to the nearest cent. Enter your answer as a positive value. b. How much will Nona owe on the loan after she makes payments for 3 years (l.e., after 36 payments)? Do not round intermediate calculations. Round your answer to the nearest cent. Enter your answer as a positive value. $