Use your financial calculator to determine the monthly payments for each of the following $83,500 mortgage loans. Assume no prepayments.
a. ?30-year fixed at8.5 percent
b.? 15-year fixed at 7.5 percent
c.? 20-year fixed at 8 percent
The monthly? payment, PMT?, on the? 30-year loan is ?$ (Round to the nearest? cent.)