3. You have just purchased a home and taken out a 500,000 mortgage. The mortgage has a 30-year term with fixed monthly payments due at the end of each month and a stated annual interest rate of 6% with monthly compounding. . What is the monthly mortgage payment you will make each month over the next 30 years? (b) How much will you pay in interest and how much will you pay in principal in the first payment? (c) How much will you pay in interest and how much will you pay in principal in the 301st payment