Answer all parts to the question please. Part 1. Logan had seamless rain gutters installed around her home at a cost of $1,400. She financed the total amount for 18 months at an annual interest rate of 4.5% compounded monthly. What is the amount of her monthly payment? (Round your answer to the nearest cent.) Part 2. After making 12 payments, Logan decided to repay the loan in full. How many payments did she have left at this time? Part 3. What is Logan's payoff (in dollars)? (Round your answer to the nearest cent.)

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Cost of Credit

The cost of credit is an extra amount that the borrower has to pay besides the loan amount. These credit charges may vary from loan to loan. The cost of credit includes interest charges, maintenance charges, and arrangement charges. Some of the costs are mandatorily collected by the lender based on the loan amount and tenure of the loan. The cost of credit is also called finance charges of the credit.