2. Amortization. Tanner has just begun paying off his student loans of $30,000 which he has decided to pay off over the next 15 years at an annual rate of 5%, compounded monthly, making monthly payments. Use an amortization table and present value tools to advise Tanner on the following: Answer Point Value Points Earned 2.a. What will Tanner's monthly payment be? Work: 2.b. How much of Tanner's first monthly payment will be applied to pay down the principle on the loan? Work: 2.c. After making payments for 3 years, what will the outstanding balance be in principle owed on his student loans? Work