Probability

A. Find the monthly house payments necessary to amortize the following loan. Then calculate the total payments and the total amount of interest paid.$196,000 at 7.01% for 20 years B. Fritz buys a car costing $11,300. He agrees to make payments at the end of each monthly period for 8 years. He pays 4.8% interest, compounded monthly. What is the amount of each payment? Find the total amount of interest Fritz will pay. C. A new employee charged $3120 on his credit card to relocate for his rst job. After noticing that the interest rate for his balance was 18% compounded monthly, he stopped charging on that account. He wishes to pay off his balance in 3 years using automatic payments sent at the end of each month. a. What monthly payment must he make to pay off the account at the end of 3 years? b. How much total interest will he have paid