Use your financial calculator to determine the monthly payments for each of the following $101,900 mortgage loans. Assume no prepayments. a. 30-year fixed at 7.5 percent b. 15-year fixed at 6.5 percent c. 20-year fixed at 7 percent

The monthly payment, PMT, on the 30-year loan is $____. (Round to the nearest cent.)

b.The monthly payment, PMT, on the 15-year loan is $____. (Round to the nearest cent.)

c. The monthly payment, PMT, on the 20-year loan is $_____.(Round to the nearest cent.)