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A $100,000 mortgage is to be paid off in 360 equal monthly payments. Interest of 6% APR (Annual Percentage Rate) is compounded monthly on the

A $100,000 mortgage is to be paid off in 360 equal monthly payments. Interest of 6% APR (Annual Percentage Rate) is compounded monthly on the unpaid balance. Find the monthly payment, u[k] = constant, so that the mortgage is paid in full after 30 years, calculating the monthly payment to the nearest penny. Assume y[-1] = $100,000. Use the z-transform and check your work with Excel.

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