A total of S50,000 is borrowed and repaid with 60 monthly payments, with the first payment occurring one month after receipt of the $50,000. The stated interest rate is 6% compounded monthly. What monthly payment should be made? If the payment occurs every year for 5 years, then what is the yearly payment? 3. $100,000 is borrowed at 6% compound annual interest, with the loan to be repaid with 10 equal annual payments. 4, If the first payment is made one year after receiving the $100,000, how much of the third payment will be an interest payment? What is the remaining balance after the third payment? What is the payoff amount before the third payment? a. b. If the first payment is made four years after receiving the $100,000, how much of the second payment will be an interest payment