2 Juan and Marie Sanchez just purchased their 3 first home with a traditional mortgage payments - are made at the end of each month for - 30 years. The interest rate is 6% compounded Semi- annually. The mortgage loan is $178,000 I and has a 30-year term . "Q: Find the interest portion of the 10th payment. - and find the principal portion cuse formula step by step, No Excel) 5. HCL Tale is still 12% compounded Sen-annually. 1354.11 Juan and Marie Sanchez just purchased their first home with a traditional mortgage. Payments are made at the end of each month for 30 years. The interest rate is 6% compounded semi-annually. The mortgage loan is $178,000 and has a 30-year term. a) How much is the monthly payment? pm T = 1058.97 .00 b) How much interest will they pay the first month? 8 79.32 c) If they make their payments on time over the 30-year period, how much interest will they have paid? 8. 203 229.20 d) Find the interest portion of the tenth payment. Find the principal portion. 871017 Ditevest 18 7.80 Princi e) If Juan and Marie decide to move after 7 years, what will be the outstanding balance on the loan at that time? 159, 351.54 f) If they finance their home over 15 rather than 30 years at the same interest rate, how much less interest will they pay over the life of the loan? PM T = 1495.15 112, 102.25 u ten years