URGENT DUE TONIGHT !!!Ms. Esperanto obtained a $41,600 home equity loan at 9% compounded monthly. (Do not round intermediate calculations. Round the PMT and final answers to 2 decimal places.)

a. What will she pay monthly if the amortization period is 11 years?

Payment $ ___
per month

b. How much of the payment made at the end of the fourth year will go towards principal and how much will go towards interest?



Principal $ ___
Interest $ ___

c. What will be the balance on the loan after four years?

Balance $ ____


d. How much interest did she pay during the fourth year?

Interest paid $ ___