Question: On December 3 1 , 1 9 9 6 , a house was purchased with the buyer taking out a 3 0 - year, $

On December 31,1996, a house was purchased with the buyer taking out a 30-year, $112475 mortgage at 9% interest compound monthly. The mortgage payment is made at the end of each month.
1-Calculate the amount of monthly payment.
2-Calculate the unpaid balance of the loan on December 31,2022, just after the 312th payment.
3-How much interest will be paid during January 2023?
4-How much of the principle will be paid off during the year 2022?
5-How much interest will be paid during the year 2022?

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