2.-25 Points) DETAILS TEAFM2 F.4.014. MY NOTES PRACTICE ANOTHER Find the monthly payment needed to amortize a typical $250,000 mortgage loan amortized over 30 years at an annual interest rate of 6.5 compounded monthly. (Round your answers to the nearest cent) Find the total interest paid on the loan Additional Materials Boch 3. [-/25 Points) DETAILS TEAFM2 F.4.038 MY NOTES PRACTICE ANOTHER Two oil wells are for sale. The first will yield payments of $5,100 at the end of each of the next years, while the second will yield $6,500 at the end of each of the next 2 years. Interest rates are assumed to hold steady at 45% per year over the next 20 years, which has the higher present value the first oil well the second oil well they are the same cannot be determined Additional Materials