Answers

a)$458497.81

b)$8826.63

c)$3474.65

Please show work and formulas that were used i am very confused please help! Write out formulas

Devi has a mortgage for 5493,591,00. The term of the mortgage is 5 years, and the amortization penser is 20 years. Devi will make monthly payments and the martgage rate is i cil if. 7.7505. the originat interest tatel, which is added to the cutstanding halance on the new mortoxpe: a) What is the outstanding bolance at tere time Devideodes to refinance (not intluding the peralty)?s b) What is the amount of the penaly? 1 paymems?s 1