A fully amortizing mortgage loan is made for $60,000 at 6 percent interest for 20 years. Payments are to be made monthly Calculate : 1-The Monthly payments is 2-The Interest during month 1: 3-The...

A fully amortizing mortgage loan is made for $60,000 at 6 percent interest for 20 years. Payments are to be made monthly Calculate : 1-The Monthly payments is 2-The Interest during month 1: 3-The principal payments ( Amortization) during month 1: 4-The total interest payment over 20 years? 5-Outstanding loan balance if repaid at the end of ten years 6-Total monthly payments through year 10 7-Total principal payments (Amortization ) through year 10 8-Total interest payments through year 10