Question: 1. the monthly annuity (amortized loan payment or regular payment) for a home loan of $250,000 at 5% APR (periodic interest rate: .05/12=.4167) for 30

1. the monthly annuity (amortized loan payment or regular payment) for a home loan of $250,000 at 5% APR (periodic interest rate: .05/12=.4167) for 30 years (number of payments: 12*30=360)

2. the remaining balance for Problem #1, after 241 payments have been made

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