Find the monthly payment, the amount paid, and the total interest. Amount Paid Total Interest Monthly Mortgage Years Rate payment $ $92,000 20 8.5% $ $ Years (N): 20 X 12months = months Rate (R): 8.5% = 12months = (round off to thousandths ) Principal(P) = 92,000 Use this formula to find the Monthly payment: (round off to hundreths) M-P R 1-(1+R) Amount paid = Monthly payment X 240 Total Interest = Amount paid - Mortgage Amount