(b) Lets look ahead to the time when the loan is paid off. (Round your answers to the nearest cent.)

(i) What is the total amount you paid to the bank? $

(ii) How much of that was interest?

$ (c) The amount B that you still owe the bank after making k monthly payments can be calculated using the variables r, P, and t. The relationship is given by the formula below in dollars.

B = P×

(1 + r)^{t} − (1 + r)^{k}

(1 + r)^{t} − 1

(i) How much do you still owe the bank after 1 year of payments? (Round your answer to the nearest cent.)