i need help with the calculations for d, e and f. the answers for each are in the boxes. thank you!
11. Jordan and Mike are both planning on attending university in Calgary. Jordan's parents rent him a one bedroom apartment for $750 per month. Mike's parents bought a 3 bedroom house for $285000 that required a down payment of 10% and offered a mortgage amortized over 20 years at an annual rate of 4.15% compounded semi-annually for a 5 year term. They rented the other two rooms out for $600 each per month. The house depreciated in value by 1.5% a year and the cost of taxes and maintenance averaged $3000 a year. a. How much did Jordan's parents pay in rent over the years? 750 x 12 = 9000 4000x5 - $45000 $45000 a Proficient - 4 Exemplary Assessment No Attempt - 0 Beginning - 1 Emerging = 2 Developing - 3 b. What were the monthly mortgage payments on Mike's parents' house? (use your financial application and fill in the appropriate inputs) N = 240 196 = LUIS PV = 256.500 PMT-1569.81 FV = 0 P/Y -_12_ c/Y = 2. $1569.87 b. sessment Proficient - 4 Exemplary No Attempt - 0 Beginning = 1 Emerging - 2 Developing = 3 c. How much was left to pay on the mortgage after 5 years? (use your financial application and fill in the appropriate inputs) N = 60_ 1% = 4.15 PV = 256.500 UT=-1569.87 FV = 210595.SO Ply = 12 C/Y=2 $210595.50 sment No Attempt = 0 Beginning - 1 Emerging = 2 c. Developing = 3 Proficient=4 Exemplary Page 12 of 16 d. How much did the house lose in value (money] over the 5 years? $20 743.30 d. Developing - 3 Proficient - 4 Exemplary elf Assessment No Attempt - 0 Beginning - 1 Emerging - 2 e. Assuming the house was sold at market value after 5 years, how much would Mike's parents receive from the sale? S53661.20 e. Assessment No Attempt=0 Beginning - 1 Emerging - 2 Developing = 3 Proficient - 4 Exemplary f. How much did Mike's parents have to subsidize the rent for the 5 year term? sessment No Attempt = 0 Beginning = 1 f. Developing - 3 Emerging = 2 $22192.20 Proficient = 4 Exemplary Page 13 of 16