A friend of yours bought a new sports car with a ​$5,000 down payment plus a ​$26,000 car loan that is financed at an interest rate of 0.25​% per month for60 months. a. Calculate the required monthly loan payment on the car. b. How much does your friend still owe on the car loan immediately after she makes the 24th monthly​ payment? c.​ If, after the 24th ​payment, she decides to pay ​$300 more each month​, how many months will it take her to payoff the remaining loan she​ owe

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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A friend of yours bought a new sports car with a ​$5,000 down payment plus a ​$26,000 car loan that is financed at an interest rate of 0.25​% per month for60 months.
a. Calculate the required monthly loan payment on the car.
b. How much does your friend still owe on the car loan immediately after she makes the
24th monthly​ payment? c.​ If, after the 24th ​payment, she decides to pay ​$300 more each month​, how many months will it take her to payoff the remaining loan she​ owes?
 
a) The required monthly Payment is $   (round to nearest cent)
b. Your friend still owes  on the car loan. ​(Round to the nearest ​dollar.)
 
c. It will take her   months. ​(​Round-up to the nearest​ month)
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