You purchase your first home for $143,000. You pay 20% down, and amortize the rest over 30 years in equal monthly payments at 5.25% interest compounded monthly. Round all answers to the nearest cent. a. Find the requested items for the full term of this loan. Down Payment: $ Loan Amt. (Principal): $ PMT: $ Total paid (from payments): $ Total Interest Paid: $ Grand total paid: $ b. After adjusting your budget, you feel that you can pay an extra $50 each month on your mortgage payment. How will this affect your finances? New PMT: $ Time to pay off loan: months Total paid (from payments): $ Amount saved: $