You just graduated college and payment on your school loans is going to begin. You borrowed $40,000 for a 10 -year term with a 6% annual interest rate, and you will be making monthly payments. Using this information, create an amortization table to answer Questions 4 and 5. Question 4 ( 2 points) What is the monthly payment? $244.08$252.89$444.08$452.89 None of the above. At the end of your first year of payments, what is the total interest paid thus far? $2,318.10$3,010.89$5,328.98$5,434,68 None of the above