Compute the future value in year 7 of a $3,100 deposit in year 1 and another $2,600 deposit at the end of year 4 using a 8 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value Say that you purchase a house for $186,000 by getting a mortgage for $165,000 and paying a $21,000 down payment. If you get a 15-year mortgage with a 7 percent interest rate, what are the monthly payments? (Do not round intermediate calculations and round your final answer to 2 decimal places.) PMT What would the loan balance be in five years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) PVA If the house appreciates at 4 percent per year, what will be the value of the house in five years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) FV How much of this value is your equity? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Equity Given a 5 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,100, $1,300, $1,300, and $1,600. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value