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HW 7 Consider a 30-yr loan of meathly level payments at the end of such month. The amount of the loan in 480,000. If the nominal anual interest rate in 3% and the interest is calculated at the end of each with what is the amount of uch mouthly payment? Also, calculate the outstanding balance right after the 1807 Payment retrospectinely and prospectively. Consider a 30 year loan w/ monthly level payments at the end of the month. The amount of the loan is 480,000. If the nominal rate is 3% and the interest rate is calculated at the end of each month, what is the amount of each monthly payment ? Also calculate the outstanding balence right after the 180th payment retrospectively and prospectively