annual interest rate of 8% with monthly payments and monthly compounding. a. What will your monthly payment be for this loan? b. What will the balance on this loan be at the end of the 7 th year? c. How much of the 37 th payment will consist of interest? d. How much principal will you pay in the 5 th year of this loan? e. How much interest will you pay in the first 6 years of the loan