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Answer all parts. They are all related to #8. Thanks in advance 8. You are applying tor a mortgage loan at 5.75% over 30 years

Answer all parts. They are all related to #8. Thanks in advance image text in transcribed
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8. You are applying tor a mortgage loan at 5.75% over 30 years with monthly payments. The home you are considering is at a price of $329,000. Lenders are offering 80% loan to value mortgges to you. What will be your monthly mortgage payment for principal and inferest? a. $1,302.53 b. $1,536 c. $901.23 d. $977.20 9. Same tacts as #8, what will be the balance of the loan after you have paid for a full 10 years? a. $218,772 b. $145,540 c. $185.524 d. $97.027 110. Same tacts as #8, how long wil it take you to pay off 75% of the loan? a. About 20.3 years b. About 302 months c. 270 months d. About 312 months 11. Same lacts as 48 above, what was the original balance of the loan? c. $263,200 b. Cannot determine given these tacts c. $223,200 d. $183,200 12. Same facts as #8, how much interest would you pay during the full lite of the loan? a. $185,703 b. $141,244 c. $289,747 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? a. 268 months b. About 26 and 1/2 years c. 309 months d. About 284 months

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