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Investigate the effect of the interest rate on home loans by finding the monthly payment and the total interest for a forty-year simple interest amortized

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Investigate the effect of the interest rate on home loans by finding the monthly payment and the total interest for a forty-year simple interest amortized loan of $100,000 at the following rates. (Round your answers to the nearest cent.) (a) 6% payment $ total interest $ (b) 7% payment total interest $ $ (c) 8% payment total interest $ (d) 9% payment total interest $ $ (e) 10% $ payment total interest $ (0) 11% payment total interest $ $

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