Jamie received a 25 year loan of $310,000 to purchase a house. The interest rate on the Ioan was 4.00% compounded monthly. a. What is the size of the monthly loan payment? $ Round to the nearest cent b. What is the principal balance of the loan at the end of 2 years? $ Round to the nearest cent c. By how much will the amortization period shorten if Jamie made an extra payment of $53,000 at the end of the year 2 ? years months Express the answer in years and months, rounded to the next month