A $140,000 loan that charges 9% interest compounded monthly is repaid by monthly payments over 9 years. Answer the following questions. For full marks your answer(s) should be rounded to the nearest cent.

1. How much is the monthly payment?

   Payment = $0.00

2. How much principal is paid in the 38^th payment?

   Principal = $0.00

3. How much interest is paid in the 43^rd payment?

   Interest = $0.00

4. How much is the principal reduced in the eighth year?

   Interest = $0.00

5. What is the total interest paid in the first year?

   Interest = $0.00