Based on Exhibit 9.9. or using a financial calculator, what would be the monthly mortgage payments for each of the following situations? (Round time value factor and final answers to 2 decimal places.) What relationship exists between the length of the loan and the monthly payment? How does the mortgage rate affect the monthly payment? 40 528 0700 Monthly Mortgage Payment 50 SI LOGO 557.000, 15-year loan 8.50 percent $120.000, 30 year loan at 7.50 percent $108.000, 20-year loan at 5.50 percent Longer mortgage terms meana For increase in mortgage rate 70 0-1 0-2 monthly payment is required 699719