You borrow a 20-year $218,000 mortgage loan at annual interest rate of $3.5%

a)What is the monthly payment for your mortgage?

b)Find the amount of principal paid,interest paisd,and the ending balance for the first month.

c))Find the amount of principal paid,interest paisd,and the ending balance for the last month.

d)If you pay $240 more each month for principal payment in addition to the monthly payment you calculate in part a,you can pay of the loan in how many years(or months)?

e)You don't pay an extra amount each month. But,your lender allows you to pay biweekly,you can pay of the loan in how many years(or months)?