Consider a home mortgage of $125000 at a fixed APR of 6% for 20 years.

a. Calculate the monthly payment.

b. Determine the total amount paid over the term of the loan.

c. Of the total amountpaid, what percentage is paid toward the principal and what percentage is paid for interest.

a. The monthly payment is ?

(Do not round until the final answer. Then round to the nearest cent asneeded.)

b. The total amount paid over the term of the loan is ?

(Round to the nearest cent asneeded.)

c. Of the total amountpaid, % is paid toward theprincipal, and % is paid for interest.

(Round to one decimal place asneeded.)