Based on:Exhibit $9-9$; or using a financial calculator, what would be the monthly mortgage payments for each of the following situations?

Note: 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?

$\backslash$table$[[,\backslash$table$[[$Monthly Mortgage$],[$Payment$]]],[$a$.$ $$132,000,15-$year loan at $5\mathrm{.}00$ percent.,Y$],[$b$.$ $$149,000,30-$year loan at $6\mathrm{.}00$ percent.,$],[$c$.$ $$147,000,20-$year loan at $7\mathrm{.}00$ percent.,$],[$d$-1.$ Longer mortgage terms mean a$,$monthly payment.$],[d-2.$ For increase in mortgage rate,monthly payment is required.$]]$Based on:Exhibit $9-9$; or using a financial calculator, what would be the monthly mortgage payments for each of the following situations?

Note: 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?

$\backslash$table$[[,\backslash$table$[[$Monthly Mortgage$],[$Payment$]]],[$a$.$ $$132,000,15-$year loan at $5\mathrm{.}00$ percent.,Y$],[$b$.$ $$149,000,30-$year loan at $6\mathrm{.}00$ percent.,$],[$c$.$ $$147,000,20-$year loan at $7\mathrm{.}00$ percent.,$],[$d$-1.$ Longer mortgage terms mean a$,$monthly payment.$],[d-2.$ For increase in mortgage rate,monthly payment is required.$]]$

Based on:Exhibit $9-9$; or using a financial calculator, what would be the monthly mortgage payments for each of the following situations?

Note: 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?

$\backslash$table$[[,\backslash$table$[[$Monthly Mortgage$],[$Payment$]]],[$a$.$ $$132,000,15-$year loan at $5\mathrm{.}00$ percent.$],[$b$.$ $$149,000,30-$year loan at $6\mathrm{.}00$ percent.$],[$c$.$ $$147,000,20-$year loan at $7\mathrm{.}00$ percent.$],[$d$-1.$ Longer mortgage terms mean a$,$monthly payment.$],[$d$-2.$ For increase in mortgage rate,monthly payment is required.$]]$