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Problem 6-37 Ryan and Laurie Middleton just purchased their first home with a traditional (monthly...

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Problem 6-37 Ryan and Laurie Middleton just purchased their first home with a traditional (monthly compounding and payments) 6% 30-year mortgage loan of $189,000. Round PV, CPT PMT and PMT values in intermediate calculations to four decimal places. Do not round other intermediate calculations. a. How much is their monthly payment? Round the answer to the nearest cent. $ b. How much interest will they pay the first month? Round the answer to the nearest dollar. $ c. If they make all their payments on time over the 30- year period, how much interest will they have paid? Round the answer to the nearest dollar. $ d. If Ryan and Laurie decide to move after 7 years, what will the balance of their loan be at that time? Round the answer to the nearest cent. $ e. If they finance their home over 15 rather than 30 years at the same interest rate, how much less interest will they pay over the life of the loan? Round the answer to the nearest dollar

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