eBook Chapter S Financial Planning Exercise 11 Use Exhibit 5.9. What would the monthly payments be on a $135,000 loan if the mortgage were set up as: a. A 15-year, 8 percent fixed-rate lcan. Round the answer to the nearest cent. per month b. A 30-year adjustable-rate mortgage (ARM) in which the lender adds a margin of 2.5 to the index rate, which now stands at 5.5 percent. Find the monthly mortgage payments fo the first year only. Round the answer to the nearest cent per monts