The Sundarams are buying a new 3,500-square-feet house in Muncie, Indiana, and will borrow $263,233 from Bank One at a rate of 5.518 percent for 15 years.

a. What will be their monthly loan payment?

b. What will be the principal amount of the loan at the end of 5 years and immediately after making their 60th payment?

c. What will be the interest and principal amount during the first 5 years of the loan?

Do not copu from chegg