Question: Use PMT to determine the regular payment amount, rounded to the nearest cent. The cost of a home in financed with a 100,000 40-year fixaduate

Use PMT to determine the regular payment amount, rounded to the nearest cent. The cost of a home in financed with a 100,000 40-year fixaduate mortgage at 3% a. Find the monthly payments and the total interest for the loan b. Prepare a loan amortization schedule for the first three months of the mortgage a. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed The total interest for the loan is (Use the answer from part a to find this answer. Round to the nearest cent as needed b. Fill out the loan amortization schedule for the first three months of the mortgage below Payment Number Interest 1 $ 2 Principal Loan Balance S $ $ 3 s (Use the answer from part a to find these answers. Round to the nearest cont as needed)

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