Kennth received a loan of $31,000 at 3.50% compounded monthly. He had to make payments at the end of every month for a period of 7 years to settle the loan. a. Calculate the size of payments.

b. Complete the partial amortization schedule, rounding the answers to the nearest cent. Payment Number Payment Interest Portion Principal Portion Principal Balance $31,000.00 $0.00 $0.00 $0.00 $0.00 2 $0.00 $0.00 $0.00 $0.00 : : 0 $0.00 0 $0.00 $0.00 $0.00 $0.00 0 $0.00 $0.00 $0.00 0.00 Total $0.00 $0.00 0