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I am not sure am I right about the PMT and PV, and I don't know how to calculate amortization in years... Mortgage Calculation: X

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I am not sure am I right about the PMT and PV, and I don't know how to calculate amortization in years...

image text in transcribed
Mortgage Calculation: X In" _ Sectlon 1WHILE: 13 Please determine the amortization for the following two uhmlt hunters payment frequencies using the mortgage amount: $559585.56. Monthly PMT from Section 4 [Hm-IT: Solve for N and ad|u5t your mortgage payment from 2677.0] section 4.] Payment Frequency 1 Payment Frequency 2 Accel. Iii-Weekly Weekly P}? on Pf? c]? I 26 I 2 I 52 I 2 Nunber of Periods {N} Number of Periods {H} I 299 I 299 Mortgage Rate As % MT} I 3.1 Presem Value of Loan [PW I 559585.56 Paymerlt [PM'I'JI Paymertt [PMU I l234.69 I 61?.16 Value At End of Loan {Ff} Q l" I: Amortizum in Years [2' Decimals] ] I: Pu'norlizam in Years [2' Decimals] ]

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