HW$20$: Problem $3$

$(1$ point$)$

Fifteen years ago a couple purchased a house for $$120,000\mathrm{.}00$ by paying a $20\%$ down payment and financing the remaining balance with a $30-y$ ear mortgage at $7\mathrm{.}34\%$ compounded monthly.

$($a$)$ Find the monthly payment for this loan.

Monthly Payment: $

$($b$)$ Find the balance of the loan after $15$ years and after $16$ years. Let $m$ be how many payments are left on the loan.

$\backslash$table$[[$After $15$ years,After $16$ years$],[m=,m=$