A fully amortizing mortgage loan is made for $80,000 at 3 percent interest for 25 years.Payments are to be made monthly and calculate the following.(Note that the interest rate, which is 6% in the textbook, has been changed to 3%.)

a. The monthly payment

b. Interest payment during month 1

c. Principal payment during month 1

d. Total principal paid over 25 years

e. Total interest paid over 25 years

f. The outstanding loan balance if the loan is repaid at the end of year 10

g. Total monthly interest paid through year 10.

h. Total principal paid through year 10.

i. Interest paid during month 50

j. Principal paid during month 50