Tom bought a $300,000 house with 20% down payment. He got a 30 year, 6% APR loan for the rest of the cost. Tom pays mortgage monthly and the interest compounds monthly. a. What is his monthly payment? b. If he sell the house at $350,000 after 5 years, how much money will he keep after payoff the mortgage balance? (Ignore all transaction processing cost.) c. How much total interest he paid over the first 5 years? (Hint: original loan amount subtracts principal balance after 5 years is the total principal payment. Total payment of 5 years subtracts the total principal payment is the total interest payment.)