At least one of the answers above is NOT correct. 2 of the questions remain unanswered. (1 point) Fifteen years ago a couple purchased a house for $110,000.00 by paying a 20% down payment and financing the remaining balance with a 30- year mortgage at 4.66% compounded monthly. (a) Find the monthly payment for this loan. Monthly Payment: $ 454.29 (b) Find the balance of the loan after 13 years and after 14 years. Let m be how many payments are left on the loan. After 13 years m = After 14 years m = Loan Balance: $ 63926.77 Loan Balance: $ 61400.81 (c) Find the total amount of interest paid by the couple during the 14th year. Interest Paid During 14th year: $ 2925.52 Note: You can earn partial credit on this problem. Preview My Answers Submit Answers