Determine the monthly payment for each mortgage The interest is compounds Mortgage amount Amortization period interest rate 185 5.75 2 Determine the total interest paid for each of questions in question 1. 3 Ashlee purchased a house for s875 ooo she made a down payment of 15% the purchase price and mortgage for the rest The mortgage has an interest rate of 6.95% compounded monthly, and amortization period of 20 yearn and a 5 year term calculate Ashley's monthly payment Page 18 opyright 2007, Durham Continuing Education