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Natasha took out a mortgage of $320,000 for a house and just made the 59th end of month payment. If interest on the loan was
Natasha took out a mortgage of $320,000 for a house and just made the 59th end of month payment. If interest on the loan was 4.01% compounded monthly and the mortgage has a period of 20 years. 1) What are her monthly payments? Round PMT to two decimal places, PNY C/ N- LY % PV = $ PMT=$ FV$ 2) What is her current outstanding balance after the 59th payment? Outstanding Balance = $ (enter a positive value rounded to two decimal places)
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