Question $2$

Maisha and her wife Maya plan to refinance their home loan. The new loan of $$82,000\mathrm{.}00$ has an interest rate of $5\mathrm{.}8\%$ compounded monthly. They are planning to pay off the loan in $19$ years. Round all answers to $2$ decimal places.

a$)$ What will their monthly payment be$?$

The monthly payment is $ $$ b$)$ Assuming Maisha and Maya paid all of the payments on time and did not prepay on the loan, what is the total amount they paid?

The total amount they paid is $ $$

c$)$ What is the total interest?

The total interest is $$