You want to buy a $$248,000$ home. You plan to pay $5\%$ as a down

payment, and take out a $30$ year loan at $6\%$ interest for the rest.

a$)$ How much is the loan amount going to be$?$

$$

b$)$ What will your monthly payments be$?$

$

c$)$ How much of the first payment is interest?

$