Answer number 11 and 12. the formulas are on the second picture.

11. The Andersons are purchasing a home with a mortgage of $120,000 at 6.5%. What is their monthly payment if they choose a 30-year mortgage? A) $758.48 B) $810.25 C) $859.69 D) $906.39 12. Roberto has a mortgage of $100,000 at 7.5% for 20 years. Find the total interest. B) $97,855.68 C) $99,502.31 A) $96,908.00 D) $93,342.37 FORMULAS Compound Amount (Future Value) A-P(1+ Present Value - Investments at Compound Interest PV-A/(1+i) Annual Percentage Yield APY (1 + i) - 1 Future value-Ordinary annuity FVPex (1+1)-1 Future value-Annuity due FV = Pmex (1+1)-1 Present value Ordinary annuity PV = Pmt x1 Present value-Annuity due PV = Pmt x1-(1+1 Sinking fund payment FVx++)n-1 Amortization payment PV *1-(1+0) | HR +1)^ Rule of 78