You decide to buy a car for $15,000.00 and decide to make payments of $1,100 each month. If the loan is 3% compounded monthly, how many full months of payments will it take to pay off the $15,000.00?...

You decide to buy a car for $15,000.00 and decide to make payments of $1,100 each month. If the loan is 3% compounded monthly, how many full months of payments will it take to pay off the $15,000.00? What is the amount of the smaller concluding payment one month later?


It will take    months of full payments.
The smaller concluding payment is $   .
(Round to 2 decimal places.)