Calculate the monthly payments for each of the following $99,600 mortgage loans. Assume no prepayments. a. 30 -year fixed at 7.50 percent b. 15 -year fixed at 6.50 percent c. 20 -year fixed at 7.00 percent Click on the table icon to view the Monthly Installment Loan Payment Factor (MILPF) table: a. The monthly payment, PMT, on the 30 -year loan is $ . (Round to the nearest cent.) \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline 7.50% & 45.00 & 31.11 & 24.18 & 20.04 & 17.29 & 15.34 & 13.88 & 12.76 & 11.87 & 9.27 & 8.06 & 7.39 & 6.99 \\ \hline 7.75% & 45.11 & 31.22 & 24.30 & 20.16 & 17.41 & 15.46 & 14.01 & 12.89 & 12.00 & 9.41 & 8.21 & 7.55 & 7.16 \\ \hline 8.00% & 45.23 & 31.34 & 24.41 & 20.28 & 17.53 & 15.59 & 14.14 & 13.02 & 12.13 & 9.56 & 8.36 & 7.72 & 7.34 \\ \hline 8.25% & 45.34 & 31.45 & 24.53 & 20.40 & 17.66 & 15.71 & 14.26 & 13.15 & 12.27 & 9.70 & 8.52 & 7.88 & 7.51 \\ \hline 8.50% & 45.46 & 31.57 & 24.65 & 20.52 & 17.78 & 15.84 & 14.39 & 13.28 & 12.40 & 9.85 & 8.68 & 8.05 & 7.69 \\ \hline 8.75% & 45.57 & 31.68 & 24.77 & 20.64 & 17.90 & 15.96 & 14.52 & 13.41 & 12.53 & 9.99 & 8.84 & 8.22 & 7.87 \\ \hline 9.00% & 45.68 & 31.80 & 24.89 & 20.76 & 18.03 & 16.09 & 14.65 & 13.54 & 12.67 & 10.14 & 9.00 & 8.39 & 8.05 \\ \hline 9.25% & 45.80 & 31.92 & 25.00 & 20.88 & 18.15 & 16.22 & 14.78 & 13.68 & 12.80 & 10.29 & 9.16 & 8.56 & 8.23 \\ \hline 9.50% & 45.91 & 32.03 & 25.12 & 21.00 & 18.27 & 16.34 & 14.91 & 13.81 & 12.94 & 10.44 & 9.32 & 8.74 & 8.41 \\ \hline 9.75% & 46.03 & 32.15 & 25.24 & 21.12 & 18.40 & 16.47 & 15.04 & 13.94 & 13.08 & 10.59 & 9.49 & 8.91 & 8.59 \\ \hline 10.00% & 46.14 & 32.27 & 25.36 & 21.25 & 18.53 & 16.60 & 15.17 & 14.08 & 13.22 & 10.75 & 9.65 & 9.09 & 8.78 \\ \hline 10.25% & 46.26 & 32.38 & 25.48 & 21.37 & 18.65 & 16.73 & 15.31 & 14.21 & 13.35 & 10.90 & 9.82 & 9.26 & 8.96 \\ \hline 10.50% & 46.38 & 32.50 & 25.60 & 21.49 & 18.78 & 16.86 & 15.44 & 14.35 & 13.49 & 11.05 & 9.98 & 9.44 & 9.15 \\ \hline 10.75% & 46.49 & 32.62 & 25.72 & 21.62 & 18.91 & 16.99 & 15.57 & 14.49 & 13.63 & 11.21 & 10.15 & 9.62 & 9.33 \\ \hline 11.00% & 46.61 & 32.74 & 25.85 & 21.74 & 19.03 & 17.12 & 15.71 & 14.63 & 13.78 & 11.37 & 10.32 & 9.80 & 9.52 \\ \hline 11.25% & 46.72 & 32.86 & 25.97 & 21.87 & 19.16 & 17.25 & 15.84 & 14.76 & 13.92 & 11.52 & 10.49 & 9.98 & 9.71 \\ \hline 11.50% & 46.84 & 32.98 & 26.09 & 21.99 & 19.29 & 17.39 & 15.98 & 14.90 & 14.06 & 11.68 & 10.66 & 10.16 & 9.90 \\ \hline 11.75% & 46.96 & 33.10 & 26.21 & 22.12 & 19.42 & 17.52 & 16.12 & 15.04 & 14.20 & 11.84 & 10.84 & 10.35 & 10.09 \\ \hline 12.00% & 47.07 & 33.21 & 26.33 & 22.24 & 19.55 & 17.65 & 16.25 & 15.18 & 14.35 & 12.00 & 11.01 & 10.53 & 10.29 \\ \hline \end{tabular}