Ms. Esperanto obtained a $41,000 home equity loan at 8.4% compounded monthly. (Do not round intermediate calculations. Round the PMT and final answers to 2 decimal places.) a. What will she pay monthly if the amortization period is 13 years? Payment $ per month b. How much of the payment made at the end of the fourth year will go towards principal and how much will go towards interest?

Principal	$
Interest	$

c. What will be the balance on the loan after four years? Balance $ d. How much interest did she pay during the fourth year? Interest paid $