A bank offers a loan with 10 years, 12.810*% annual interest, paid monthly

1. What is the monthly payment if the loan amount is 100,000 AZN? (4 points)
2. How much of the first payment is principle? (3 points)
3. How much of the first payment is interest? (3 points)
4. If consumer decide to repay the full amount after paying 70^th monthly payment, what is the amount that he need to pay? (use annuity formula and show your calculation) (4 points)
5. How much of the 70^th payment is interest payment? (use annuity formula and show your calculation) (3 points)
6. How much of the 70^th payment is principle payment? (use annuity formula and show your calculation) (3 points)