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O CONSUMO MATHEMATICS Finding the monthly payment, total payment, and intere When Rita bought her townhome, she got her mortgage through a bank. The mortgage
O CONSUMO MATHEMATICS Finding the monthly payment, total payment, and intere When Rita bought her townhome, she got her mortgage through a bank. The mortgage was a personal, amortized loan for $97,500, at an interest rate of 3.85%, with monthly payments for a term of 40 years. For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas, (a) Find Rita's monthly payment. (b) If Rita pays the monthly payment each month for the full term, find her total amount to repay the loan. (c) If Rita pays the monthly payment each month for the full term, find the total amount of Interest she will pay. 50
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