) I buy a new condo for $120,000 and finance 95% of the purchase at 4% for 30 years (my grandmother gave me the 5% down payment.) I also have to add $6,000 in closing costs back onto the amount financed. What is my monthly payment for principal and interest on the new loan?

2) After you pay on the loan in #1 above for exactly 2 years, what is the remaining balance on the loan? HINT think new PV and monthly

Please show work. Can't be done in excel.