15 Editi References Mailings Review View Help Fine ..EE += ! T AaBbCcDE AaBbCcDc AaBbC AaBbCcl Sc Rep 15. - 1 Normal 1 No Spac... Heading 1 Heading 2 Sele Paragraph Styles calculations in this assignment are to be completed using your information Using the list price of your house, calculate the following (Note: round to two decimal places) Show your work and highlight the answer in each question (You can create more space under each question by pressing enter if you are using the same word document) Calculate the amount of your down payment Calculate the mortgage amount required Purchase price-115000, down payment%d=10, term-4, Rate%=4.6 Calculate the following assuming semi-annual compounding of interest, 25-year amortization and monthly payments I 0 1. Monthly payment (assume a 25-year amortization) 2. Principal balance on your renewal date (end of term) 3. Principal portion of the 12th payment 4. Interest portion of the 124 payment 5. Total interest paid during the term of your mortgage 6. Total interest paid at end of amortization (25-years) 7. Monthly payment (assuming a 20-year amortization) 8. Total interest paid at end of amortization (20-years) 9. Interest difference between #6 and #8 10. Assuming a rate of 2.4% (compounded annually), how much do you have to save on a monthly basis (end of month deposits) to accumulate the down payment for this purchase (assume you don't have anything currently saved) if you want to buy this house in 5-years? Create a word document or excel file with your data . ASUS 15 Editi References Mailings Review View Help Fine ..EE += ! T AaBbCcDE AaBbCcDc AaBbC AaBbCcl Sc Rep 15. - 1 Normal 1 No Spac... Heading 1 Heading 2 Sele Paragraph Styles calculations in this assignment are to be completed using your information Using the list price of your house, calculate the following (Note: round to two decimal places) Show your work and highlight the answer in each question (You can create more space under each question by pressing enter if you are using the same word document) Calculate the amount of your down payment Calculate the mortgage amount required Purchase price-115000, down payment%d=10, term-4, Rate%=4.6 Calculate the following assuming semi-annual compounding of interest, 25-year amortization and monthly payments I 0 1. Monthly payment (assume a 25-year amortization) 2. Principal balance on your renewal date (end of term) 3. Principal portion of the 12th payment 4. Interest portion of the 124 payment 5. Total interest paid during the term of your mortgage 6. Total interest paid at end of amortization (25-years) 7. Monthly payment (assuming a 20-year amortization) 8. Total interest paid at end of amortization (20-years) 9. Interest difference between #6 and #8 10. Assuming a rate of 2.4% (compounded annually), how much do you have to save on a monthly basis (end of month deposits) to accumulate the down payment for this purchase (assume you don't have anything currently saved) if you want to buy this house in 5-years? Create a word document or excel file with your data . ASUS