Shirley Trembley bought a house for $182,400. She put 20% down and obtains a simple interest amortized loan for the rest at 6 3/8% for thirty years. (Round your answers to the nearest cent.)

(a) Find her monthly payment.

$ ______ (b) Find the total interest. $ _____ (c) Prepare an amortization schedule for the first two months of the loan.

Payment Number	Principal Portion	Interest Portion	Total Payment	Balance
0				$
1	$	$	$	$
2	$	$	$	$

(d) Most lenders will approve a home loan only if the total of all the borrower's monthly payments, including the home loan payment, is no more than 38% of the borrower's monthly income. How much must Shirley make to qualify for the loan? $ ___ per month