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A borrower obtains a fully amortizing CPM loan for $ 1 4 1 , 0 0 0 at 6 percent interest for 1 0 years.

A borrower obtains a fully amortizing CPM loan for $141,000 at 6 percent interest for 10 years.
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a. What will be the monthly payment on the loan?
b. If this loan had a maturity of 30 years, what would be the monthly payment?
(For all requirements, do not round intermediate calculations. round your final answers to 2 decimal places.)
\table[[a. Monthly payment -10 years],[b. Monthly payment -30 years]]
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