8. You are applying for a mortgage loan at 5.75% over 30 years with monthly payments. The home you are considering is at a price of $279,000. Lenders ore offering 80% loan to volue mortgages to you. What will be your monthly mortgoge payment for principal and interest? a. $1,302.53 b. $1,653.81 c. $901.23 d. $977.20 9. Same facts as \#8, what will be the balance of the loan after you have poid for a full 10 years? a. $109,877 b. $145,540 c. $185,524 d. $97,027 10. Same facts as #8, how long will it take you to pay off 75% of the loan ? a. About 20.3 years b. About 312 months c. 270 months d. 28 and 3/4 years 11. Same facts as \#8 above, what was the original balance of the loan? a. $118,400 b. Cannot determine given these facts c. $223,200 d. $183,200 12. Same facts as \#8, how much interest would you pay during the full life of the loan? a. $185,703 b. $141,244 c. $202,988 d. $245,712 13. Same facts as \#8 above, what if you paid an extra $75 each month. How long would it take to pay off the loan in full ? c. 309 months d. About 284 months