The following loan is a simple interest amortized loan with monthly payments. (Round your answer to the nearest cent.) $155,000, 9%, 35 years (a) Find the monthly payment. $ 252,799.33 (b) Find the total interest.

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The following loan is a simple interest amortized loan with monthly payments. (Round your answer to the nearest cent.)
$155,000, 9%, 35 years
(a) Find the monthly payment.
$ 252,799.33
(b) Find the total interest.
Transcribed Image Text:The following loan is a simple interest amortized loan with monthly payments. (Round your answer to the nearest cent.) $155,000, 9%, 35 years (a) Find the monthly payment. $ 252,799.33 (b) Find the total interest.
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