In order to purchase a home, a family borrows $250,000 at an annual interest rate of 3.5%, to be paid back over a 30-year period in equal monthly payments. A) Which of the following formulas will help find the monthly payment? [Select ] 1. I = Prt 2. A= P(1+rt) 3. A = P(1 + 3)" 4. Y = (1 + )" - 1 5. R= 12 12 12 121 1- B) Find the monthly payment of the mortgage. [ Select C) What is the interest earned on the first month? Select 1 D) Which of the following formulas will help find how much of the payment go to the balance? Select] 1.1 -Prt 2-A-P 3. PR-1 A. PA-1