PLEASE SOLVE ON PAGE

4} (2.2 points} Kevin just borrowed $30!], to purchase a new home. The loan is for ED years at a nominal rate of3% per year compounded monthly. a] {4 points} 1What is Kevin's monthly payment? h) {6 points] Kevin would like to know how mueh money he would still owe the bank after making regular monthly payments for 1D years i.e.I 1211] monthly payments. c] {6 points] How much of the first payment will he interest? 1What will he the interest portion of the 12!" payment? d) {6 points} Over 10 years Kevin has made a total payment equal to 120 x monthly payment to the hank What percentage of this total payment was applied to the principal and what percentage was interest? Hint: Use answer to part [b]