Jacob manning was able to discover a new potential home. 120,000 is what can be determined as a selling price and he placed $20,000 down and got a 25-year fixed-rate mortgage at 8.25%(APR compounded semiannually) for the rest. he wants to start prepaying the loan by considering further payment each month along with your regular payment. with no early payment penalty assumption, How much extra must jacob pay (every single month) if he wants to pay off the load in 20 years?

Step by step/ do not use excel