A loan of $30,000 is to be paid off with equal monthly payments over a period of 7% years. If the first payment is made one month after the loan being accepted and the fixed interest rate is 6% p.a. compound monthly, calculate the amount of the monthly payment. Then calculate how much interest in total is paid? Choose the best available answer below Total Interest= $414.76 Total Interest= $30,000.00 Total Interest= $12,373.50 Total Interest= $7,328.40