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could u plz slove this because i am unable to solve it. Section 4 - Mortgage Calculation A A Find & Select Instructions You Have
could u plz slove this because i am unable to solve it.
Section 4 - Mortgage Calculation A A Find & Select Instructions You Have Decided to use a 20 year Amortization for your Mortgage. Use this information to find the MONTHLY mortgage PAYMENT using the mortgage amount from previous section and a rate of 3.75%. You must also determine the amount of INTEREST, PRINCIPAL and BALANCE owing for the mortgage after 2 Years and 7 Months. Input all the TVM variables and answers into the fields below. Amortization Mortgage Amount From Previous Question $400681.424 20 Years P2 Months P/Y C/Y Present Value of Loan (PV P1 Months 100681.424 21 7 Number of Periods (N) Monthly Payment (PMT) BALANCE OWING (BAL) 240 8083.3797 Mortgage Rate As % (V/Y) Value At End of Loan (FV PRINCIPAL PAID (PRN) 3.75 Section Value: 7 INTEREST PAID (INT) Submit AnswersStep by Step Solution
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