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Carlos took out a mortgage of $626,000 for a house and just made the 75th end of month payment. Interest on the loan was 4.72%

Carlos took out a mortgage of $626,000 for a house and just made the 75th end of month payment. Interest on the loan was 4.72% compounded monthly and the mortgage has a period of 16 years. Round ALL answers to two decimal places if necessary. 1) What are his monthly payments? 2) What is current outstanding balance after the 75th payment image text in transcribed

Carlos took out a mortgage of $626,000 for a house and just made the 75 th end of month payment. Interest on the loan was 4.72% compounded monthly and the mortgage has a period of 16 years. Round ALL answers to two decimal places if necessary. 1) What are his monthly payments? 2) What is his current outstanding balance after the 75th payment

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