Ben has a mortgage of $312,000 to be repaid by end of month payments with an interest rate at 3.92% compounded monthly over the entire duration of the mortgage of 14 years. a. What is the amount of each payment? P/Y = C/Y = 1/4 = % N = PV = FV = PMT = = $ (Enter a positive b. How much interest was paid in the 6th year? value for your answer.)