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only 15 & 16 please mortization with a financial calculator 15. Mo Pmt 15. Assume you get a 25-year $130,000 mortgage loan at 6.5% interest.

only 15 & 16 please

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mortization with a financial calculator 15. Mo Pmt 15. Assume you get a 25-year $130,000 mortgage loan at 6.5% interest. Use your financial calculator to determine (a) your monthly payment; (b) Pmt 1, Int interest, principal, and remaining balance for the first monthly payment; (c) balance after payment 77; (d) interest for the entire 25-year term; and Pmt 1, Princ (e) exact amount of the final payment. Pmt 1, Bal 16. You get a 20-year $600,000 mortgage loan at 7.5% interest. Use your Bal, Pmt 77 financial calculator to determine your monthly payment. Then, assuming your first payment is due March 1, find interest, principal, and remaining Int all 25 Yrs balance for each of the first 3 calendar-years. Final Pmt For Problems 17-24, assume you get a 30-year $90,000 mortgage loan at 7.25% interest. 16. Yr 1 Int 17. Calculate the monthly payment (PD). Prin Bal 18. Based on making 360 payments of $613.96, what is the total interest over the 30 years? Yr 2 Int Prin 19. Use your amortization registers to calculate (a) interest for the entire 30 years and (b) balance after 360 payments of $613.96. Bal 20. Compare the total interest of Problem 18 with the total interest of Problem 19. If there is a difference, explain which answer is correct, and Yr 3 Int why. Prin 21. After making payments for 10 years, what is your balance? Bal

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