ICE NO In order to purchase a home, a family borrows $250,000 at an annual interest rate of 3.5%, to be paid back over a 30-year period in equal monthly payments. A) Which of the following formulas will help find the monthly payment? [ Select ] 1. I= Prt 2. A = P(1 + rt) 3. A = P(1 + 5)" 4. Y = (1 + 3)" - 1 PG) 5. R= 120 1- 12 12+ B) Find the monthly payment of the mortgage. [Select] C) What is the interest earned on the first month? Select] D) Which of the following formulas will help find how much of the payment will go to the balance? [Select] . 1. I = Prt 2. I = A-P 3. P = R-1 4. P = A-1