1.How much is the current balance after 7 years of payments on the 30-year & 8.00% mortgage?

Purchase Price of Home	400,000
Mortgage Amount (80%)	???
30-year fixed rate	8.00%

2. Given the data on the bond price below, we could say that it was issued at ...........

Issuer	Face Value	Coupon Rate	Rating	Quoted Price	Years Until Maturity	Sinking Fund	Call Period
ABC Energy	$1,000	6%	AAA	$809.10	20	Yes	3 Years

3.During the first seven years of making payments, how much money was paid in total towards the mortgage below?

Purchase Price of Home	400,000
Mortgage Amount (80%)	???
30-year fixed rate	8.00%

4. If you had the chance to go for the 15-year & 5.5% mortgage, how much higher would your monthly payment be compared to the 30-year & 8.00% ?

Purchase Price of Home	400,000
Mortgage Amount (80%)	???
30-year fixed rate	8.00%
15-year fixed rate	5.50%