6. [-/1 Points] DETAILS TANFIN12 5.3.020. MY NOTES PRACTICE ANOTHER What monthly payment is required to amortize a loan of $30,000 over 15 years if interest at the rate of 9%/year is charged on the unpaid balance and interest calculations are made at the end of each month? (Round your answer to the nearest cent.) $ Need Help? Read it 7. [-/1 Points] DETAILS TANFIN12 5.3.022. MY NOTES PRACTICE ANOTHER The Flemings secured a bank loan of $376,000 to help finance the purchase of a house. The bank charges interest at a rate of 5%/year on the unpaid balance, and interest computations are made at the end of each month. The Flemings have agreed to repay the loan in equal monthly installments over 25 years. What should be the size of each repayment if the loan is to be amortized at the end of the term? (Round your answer to the nearest cent.) $ Need Help? Read It