The interest rate on the loan shown in the table below is 4% compounded monthly. How much of the second payment is interest towards the loan? Principal Paid ($) Payment Period Payment Balance ($) (month) ($) 35 000 1 750 633.33 34 366.67 750 635.44 33 731.23 3 750 637.56 33 093.67 $116.67 $114.56 $112,44 $343.67 Jonah makes 36 quarterly payments to pay off a car loan. What was the term of the loan? O 12 years 3 years O 18 years O 9 years

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