Find the monthly mortgage payments on the following mortgage loans using an online amortization calculator. How much total interest will you have paid after you have paid off the full amount?

a.$200,000 at 6.5 percent for 30 years

b.$200,000 at 5.5 percent for 20 years

c.$200,000 at 5 percent for 15 years

Amount Borrowed Interest Rate Time Period Monthly Payment Total Interestcost

$200,000 6.5% 30 years

$200,000 5.5% 20 years

$200,000 5% 15 years