Loan schedule. The monthly net income of the bank loan applicant is 3 200 euros. The loan applicant already has financial obligations and they are as follows: car lease 620 euros per month and consumer loan payment 150 euros per month. According to the banks credit policy, the total monthly financial obligations cannot exceed 30% of the net income. Lets also assume that the loan interest charged by the bank is 4% per year. Questions: (a) Find what the monthly payment for the additional financial obligation could be. (b) In this case, how big would be the maximum loan amount that the applicant could take from the bank if the term of the loan was 20 years and the loan is repaid in monthly payments? Use an annuity to compute loan payments. (c) Finally, compute the principal payment for the second month of this loan.