Use PMT $=\frac{P(\frac{r}{n})}{[1-(1\frac{r}{n}{)}^{-nt}]}$ to

hoere is financed with a $$160,00020$ your frond$-$able morigage at $3\mathrm{.}5\%$

a$.$ Find the monthly payments and the total inferest for the loan.

b$.$ Prepare a loan amortization schedule for Be first three months of the morlgage

a$.$ The monthly payment is $5$

$($Do not round until the final arswer. Then sound to the soarest cent as neoded$)$