Question 1 of 12 Prisha received a 30 year loan of $270,000 to purchase a house. The interest rate on the loan was 3.20% compounded monthly. a. What is the size of the monthly loan payment? $ Round to the nearest Gent b. What is the principal balance of the loan at the end of 3 years? $ Round to the nearest cent c. By how much will the amortization period shorten if Prisha made an extra payment of $52,000 at the end of the year 3? years months Express the answer in years and months, rounded to the next month