. A fully amortizing mortgage loan is made for $100,000 at 6 percent interest for 30 years. Determine payments for each of the periods (a) to (d) below if the compounding period is:

(a) Monthly

(b) Quarterly

(c) Annually

(d) Weekly

How much total interest and principal would be paid over the entire 30-year life of the mortgage in each case? Which payment pattern would have the greatest total amount of interest over the 30-year term of the loan? Why?