9) Your 25 year mortgage is $110,000 at 6.5% semi-annually. a) Calculate your monthly payments. N= 1% = PV = PMT = FV = PAY CAY PMT: END BEGIN c) What do you still owe at the end of 10 years? After 10 years you have a chance to get a lower interest rate ( 5%) for the rest of your 25 year mortgage. d) What would your new monthly payments be for the last 15 years? N = 1% = PV = PMT= FV = P/Y = C/Y = PMT: END BEGIN