5) George wants to purchase a new house that costs $185,500. The terms of the sale are 10% down payment and the rest to be paid off at a 5.75% interest rate compounded monthly for 30 years. a) How much are George's monthly payment for his home loan? P=185500- (185500.0.1)= 166,950 166950. 0.00479167. (1+0.00479147)-974.28 (1+0.00479167)360-1 b) How much will George pay in interest for the life of the loan? c) How long will it take George to pay off the loan if he pays $50 extra each month? d) How much will George pay in interest for the life of the loan if he pays $50 extra each month?