3. Armed with a down payment, take out a loan --- 30 year fixed at 8% with a monthly payment of $4,000 a month.\ \ a. How much would they receive as a loan:\ \ b. Amortize the first three payments on the 30-year loan. Provide:\ Interest expense for the first three months of the loan\ $$ flows for the first three months of the loan\ Loan Balance at end of the first three months of the loan.