1. How much will Joshua pay in interest overall on a $425,000 house if he makes monthly payments at an APR of 3.5% compounded monthly for 15 years?

2. Cynthia's retirement goal was $400,000, which she wanted to reach in 40 years of monthly deposits invested in an IRA with an APR of 3.2%, compounded monthly. She determined how much she would have to pay monthly to reach her goal to $450,000. How much more would she have to contribute per month to reach her new goal?

3. Julia was granted a home loan in the amount of $429,050 to be paid back in 30 years. Assume she puts down $30,100 for a down payment. For an APR of 3.13% compounded monthly, complete the following amortization schedule for the first 3 payments (monthly). Fill in the schedule, but you must show all work below.

payment number	monthly payment	amount paid towards interest	amount paid towards principal	remaining balance
0
1
2
3

SHOW ALL WORK!