Fifteen years ago a couple purchased a house for $150,000.00 by paying a 20% down payment and financing the remaining balance with a 30-year mortgage at 6,44% compounded monthly. (a) Find the monthly payment for this loan. Monthly Payment: $ (b) Find the balance of the loan after 17 years and after 18 years. Let m be how many payments are left on the loan. After 17 years After 18 years mm M

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A: Please refer to the solution in next step.