HW20: Problem 3 Previous Problem Problem List Next Problem (1 point) Fifteen years ago a couple purchased a house for $130,000.00 by paying a 20% down payment and financing the remaining balance with a 30-year mortgage at 5.22% compounded monthly. (a) Find the monthly payment for this loan. Monthly Payment: $ (b) Find the balance of the loan after 18 years and after 19 years. Let n be how many payments are left on the loan. After 18 years n = After 19 years n = Loan Balance: $ (c) Find the total amount of interest paid by the couple during the 19th year. Interest Paid During 19th year: $ Loan Balance: $ Note: You can earn partial credit on this problem. Preview My Answers Submit Answers