You are financing a home for $240,000. The loan is a fixed-rate loan of 5%. Complete the following table to compare monthly payments and overall interest for the four different maturity periods shown. (Do not round intermediate calculations when computing the monthly payment. Round the monthly payment to 2 decimal places when computing the total interest paid.)

Maturity Period Monthly Payment Total Interest Paid

6 years

11 years

16 years

26 years