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A $100,000 mortgage loan at 7.6% compounded semiannually has a 25-year amortization period. A. Calculate the monthly payment.(Do not round intermediate calculations and round your

A $100,000 mortgage loan at 7.6% compounded semiannually has a 25-year amortization period.

A. Calculate the monthly payment.(Do not round intermediate calculations and round your final answer to 2 decimal places.)

PMT $_____

B. If the interest rate were 1% lower (that is, 6.6% compounded semiannually), what loan amount would result in the same monthly payment?(Do not round intermediate calculations and round your final answer to 2 decimal places.)

PV $_____

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