5. Calculate the monthly payments of a 30-year fixed-rate mortgage at 7.5 percent for $132,500. How much interest is paid over the life of the loan? Click on the table icon to view the MILPF table 1. The monthly payments of a 30-year fixed-rate mortgage at 7.5 percent for $132,500 is $ The amount of interest paid over the life of the loan is $ (Round to the nearest cent.) (Round to the nearest cent.)