Fortunately, before Monique could go to the bank to purchase her home, she had a conversation with her dad. He told her to finance the home for $20$ years instead of $30$ years to save in interest. Monique is nervous that her mortgage payment will be too high but is considering this option.

What would her monthly payment be if she goes with this option $($interest rate is still $3\mathrm{.}35\%)?$

N $=$ FV $=$

I$\%=$ P$/$Y $=$

PV $=$ C$/$Y $=$

PMT $=$ PMT: END BEGIN

In total, how much will Monique pay if she pays her loan off in $20$ years?

In total, how much will Monique pay in interest