1. The loan is for $300,000 with a rate of 6.6% for 30 years payable monthly for a constant payment mortgage (CPM). a. Calculate the Monthly Payment (MP): b. Do a monthly Amortization Table for 4 months using the MP: you should use a word table when answering this section c. Calculate the Loan Balance (LB) using the formula approach at the end of 4 months (the numbers for parts b and c should be within a dollar amount)