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Rob and Laura wish to buy a new home. The price is $100,000 and they plan to put 20% down. Gotcha Savings and Loan will

Rob and Laura wish to buy a new home. The price is $100,000 and they plan to put 20% down. Gotcha Savings and Loan will lend them the remainder at a 5% fixed rate for 30 years, with monthly payments to begin in one month.
1. a) What are the monthly payments?
2. b) What is the total interest paid if they pay the loan out over 30 years?
3. c) After paying on the loan for 10 years, how much do they owe?
4. d) How much extra must be paid per month to pay the loan off in 15 years?

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