IC V Styles Styles Pane Did IV John plans to borrow $300,000 30-years mortgage loan from his bank, which agrees that John should repay the loan in 360 equal end-of-month payments. The annual interest rate is 4%, compounded monthly (1) What is the amount of each monthly payment? Show your calculation (2) How much total interest dollar amount will John pay over the 30-year life of the loan? Show your calculation (3) Complete the following loan amortization schedule for the first 6 months. Rounding amounts to the nearest dollar (18 points) Month Beginning Monthly Dollar Principal Ending Balance Payment Interest Payment Balance 1 $300,000 2 I a focus