Finance and Growth: After selling your previous home you have $25,000.00 for a downpayment on your next home. Your new home sold for $540,000.00. If the interest rate is 3% compounded monthly and you will make monthly payments for 30 years: What is the loan amount? What is the amount of the monthly payment? How much interest was paid over the length of the home loan? Round to the nearest cent (or 2 decimal places). Do not include dollar sign or commas