Answer Happy

To help pay for culinary school, David borrowed money from an online lending company. He took out a personal, amortized loan for $50,000, at an interest rate of 5.3%, with monthly payments for a term of 20 years. For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. ? (a) Find David's monthly payment. si (b) If David pays the monthly payment each month for the full term, find his total amount to repay the loan. sil (C) If David pays the monthly payment each month for the full term, find the total amount of interest he will pay.