Question 8 of 13 Melanie received a 25 year loan of $375,000 to purchase a house. The interest rate on the loan was 2.10% compounded monthly. a. What is the size of the monthly loan payment? $ $0.00 Round to the nearest cent b. What is the principal balance of the loan at the end of 2 years? $0.00 Round to the nearest cent c. By how much will the amortization period shorten if Melanie made an extra payment of $53,000 at the end of the year 2? 0 years months Express the answer in years and months, rounded to the next month