You take out a $$25,000$ car loan at $4\mathrm{.}8\%$ annual interest for $4$ years with monthly payments.

$($Format: enter whole dollars and cents, e$.$g$.$

$15,829\mathrm{.}02)$

a$)$ Calculate the monthly payment amount $

b$)$ Create an amortization schedule for the first three months

Month Payment

Interest

Principal

$0$

Balance

$$25,000\mathrm{.}00$

S

$

$

$

$1$

$

$

$

$2$

$

$

$

$

$3$