You purchased a very small and old apartment in Queens for $125,000. You applied for and received a mortgage for the whole amount. The bank charged you 3.48%/year for a 30-year loan that you are to pay off monthly. At the Thanksgiving table your uncle promised you that after paying for 75 months, he will give you the amount you paid off on the principal of the loan. If you are sure that you understand the concept, use the amortization calculator a. What will your monthly payments be? b. How much money should you be expecting from your uncle? (Hint: create an amortization table) The table should have the following headings: Payment # Date Payment Principal Interest Balance Save your table to your computer. Add up the principal payments for 75 months. That is how much your uncle will give you.