Robert Carrie financed his office furniture dealer from which he brought it. The dealers terms allowed him to defer payments with interest being charged for six months and then to make 36 equal end of the month payments thereafter. The original note was for $12,000 with interest at 12% compounded monthly. After 26 monthly payments Robert found himself in a financial bind and went to a loan company for assistance. The loan company offered to pay his debts in one lump sum, provided that he will pay the company $240 per month for the next 30 months. determine the original monthly made to the furniture store. Determine the lump sum payoff amount the loan company will make. What monthly rate of interest is the loan company charging on this loan. Please show how you got the answers.