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Manexa Corporation borrowed $ 7 1 , 0 0 0 . 0 0 at 1 0 % compounded monthly for 1 2 years to buy

Manexa Corporation borrowed $71,000.00 at 10% compounded monthly for 12 years to buy a warehouse. Equal payments are made at the end of every month(a) Determine the size of the monthly payments.(b) Compute the interest included in payment 62.(c) Determine the principal repaid in payment period 53.(d) Construct a partial amortization schedule showing details of the first three payments, the last three payments, and totals.

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