Fifteen years ago a couple purchased a house for $190,000.00 by paying a 20% down payment and financing the remaining balance with a 30-year mortgage at 7.7% compounded monthly.

(4 points) Fifteen years ago a couple purchased a house for $190,000.00 by paying a 20% down payment and financing the remaining balance with a 30-year mortgage at 7.7% compounded monthly. (a) Find the monthly payment for this loan. Monthly Payment: $1083.69 (Note: Your answer should include a dollar sign and be accurate to two decimal places) (b) Find the balance of the loan after 15 years and after 16 years? Let n be how many payments are left on the loan. After 15 years After 16 years n = 180 n = 168 Loan Balance: $195064.20 Loan Balance: $182059.92 !!! (Note: The balance amounts should include a dollar sign and be accurate to two decimal places) (c) Find the total amount of interest paid by the couple during the 16th year. Interest Paid During 16th year: !! (Note: Your answer should include a dollar sign and be accurate to two decimal places)