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Find mortgage payment N = 5 years, monthly payment, annuity due Interest rate = 2.9%, compounded monthly PV =


Find mortgage payment
 
 N = 5 years, monthly payment, annuity due 
 Interest rate = 2.9%, compounded monthly 
 PV = 45,000 
 FV = 0 
 Compute PMT 
 Round to 2 decimal places  
   
   
 Amortization schedule after 3 years: same data as Q28
 P1 = 1 
 P2 = 36 
29Balance after 3 years of payments 
30Total principal repayment after 3 yrs of payments 
31Total interest payments after 3 yrs of payments 
 Round to 2 decimal places

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