12. Reset Janet’s loan back to $3500, 24% interest, and no extra payments. This time around, let’s see what happens if her pay-off goal was 4 years instead of 2.

a. What is Janet’s new monthly payment?
Janet’s new monthly payment is $114.11

b. What’s the impact on the total interest she’ll pay?
More in total interest and more in total principal

c. Look at the very first payment month. How does the amount of her payment that is applied to interest compare with the amount applied to the principal balance?
???


d. Explain how your observation in part c impacts the total amount of interest Janet will pay over the life of the loan.
???