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Loan Amortization: Consider a 20 year $90000 mortgage loan with monthly payments. Assume an APR of 9% compounded monthly. The $90000 is lent today and

Loan Amortization: Consider a 20 year $90000 mortgage loan with monthly payments. Assume an APR of 9% compounded monthly. The $90000 is lent today and the first payment is in one month's time.

A. What is the size of the monthly payments?

B. What is the balance of the loan outstanding in 10 years from now (just after the 120th payment)?

C. What interest accrues on the loan during the month just after the 119th payment?

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