it does not specify if it is compounded but I think that may be implied since it is a monthly payment.

13. Abdul finds a house he likes for $175,000. He makes a $25,000 down payment and will be financing the rest over 15 years at an interest rate of 2.875%. a) Find his monthly payment. Show your work. b) If he pays off the loan after 12 years, what would be the payoff amount? Show your work. 14. An instructor records 12 tests in a college history class. The mean of those scores is 76.5. The instructor discovers later that a score of 86 was incorrectly recorded as 68. What should the correct mean be? Show your work