Perform a what if analysis by changing the length of the loan from 30 years to 15 years Determine the monthly payments under this new mortgage plan, and then alayze its impact on the couple's projected income and expenses Bertrand Family Budget Income and Expenses Mortgage Analysis 3 Average Monthly Expenses 4 832 212 275,000 Annual Interest Rate 4 35 500 Months 1,369 Mortage Miscellaneous Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 12 Seriesi Series2Series Andrew Maria Total Income 3,450 3,450 3,450 3,4503,450 3,450 3,4503,4503,450 3,4503,4503,450 2001,000 1,200 1,4001,6001,800 5,2505,4506,3506,0504,5503,6504,404,6504,8505,050 5,250 975 230 1,800 2,0002,900,001,100 ncomc 890 210 19 725 780 825 835 925 250 210 275 205 175 185 195 20 125 110 138 142 175110 135 155 14214 410 135 575 275 420 3691,91,3691,369,369 ,36991,3691,369,369 1,3691,369 525 275 12n 525 275 575 275 175 410 410 275 475 275 12R 1,1) 475 275 525 525 275 2251,750 Insurance Car Payments Travel Mortgage Miscellaneous Total Expenses come Expenses 575 275 Expenses 275 200250120150 55020175210250270 3,5493,4393,4043,547 4,9313,619 3,6895,3343,6693,886 4,516 1,7012,011 2,9462,503 4,519 731 381 761 684 1,1811,164 Bertrand Family Budget Income and Expenses Mortgage Analysis 3 Average Monthly Expenses 4 832 212 275,000 Annual Interest Rate 4 35 500 Months 1,369 Mortage Miscellaneous Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 12 Seriesi Series2Series Andrew Maria Total Income 3,450 3,450 3,450 3,4503,450 3,450 3,4503,4503,450 3,4503,4503,450 2001,000 1,200 1,4001,6001,800 5,2505,4506,3506,0504,5503,6504,404,6504,8505,050 5,250 975 230 1,800 2,0002,900,001,100 ncomc 890 210 19 725 780 825 835 925 250 210 275 205 175 185 195 20 125 110 138 142 175110 135 155 14214 410 135 575 275 420 3691,91,3691,369,369 ,36991,3691,369,369 1,3691,369 525 275 12n 525 275 575 275 175 410 410 275 475 275 12R 1,1) 475 275 525 525 275 2251,750 Insurance Car Payments Travel Mortgage Miscellaneous Total Expenses come Expenses 575 275 Expenses 275 200250120150 55020175210250270 3,5493,4393,4043,547 4,9313,619 3,6895,3343,6693,886 4,516 1,7012,011 2,9462,503 4,519 731 381 761 684 1,1811,164

Question

Perform a what if analysis by changing the length of the loan from 30 years to 15 years  Determine the monthly payments under this new mortgage plan, and then alayze its impact on the couple's projected income and expenses  Bertrand Family Budget Income and Expenses Mortgage Analysis 3 Average Monthly Expenses 4 832 212 275,000 Annual Interest Rate 4 35  500 Months 1,369 Mortage Miscellaneous Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 12  Seriesi Series2Series Andrew Maria Total Income 3,450 3,450 3,450 3,4503,450 3,450 3,4503,4503,450 3,4503,4503,450 2001,000 1,200 1,4001,6001,800 5,2505,4506,3506,0504,5503,6504,404,6504,8505,050 5,250 975 230 1,800 2,0002,900,001,100 ncomc 890 210 19 725 780 825 835 925 250 210 275 205 175 185 195 20 125 110 138 142 175110 135 155 14214 410 135 575 275 420 3691,91,3691,369,369 ,36991,3691,369,369 1,3691,369 525 275 12n 525 275 575 275 175 410 410 275 475 275 12R 1,1) 475 275 525 525 275 2251,750 Insurance Car Payments Travel Mortgage Miscellaneous Total Expenses come   Expenses 575 275 Expenses 275 200250120150 55020175210250270 3,5493,4393,4043,547 4,9313,619 3,6895,3343,6693,886 4,516 1,7012,011 2,9462,503 4,519 731 381 761 684 1,1811,164 Bertrand Family Budget Income and Expenses Mortgage Analysis 3 Average Monthly Expenses 4 832 212 275,000 Annual Interest Rate 4 35  500 Months 1,369 Mortage Miscellaneous Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 12  Seriesi Series2Series Andrew Maria Total Income 3,450 3,450 3,450 3,4503,450 3,450 3,4503,4503,450 3,4503,4503,450 2001,000 1,200 1,4001,6001,800 5,2505,4506,3506,0504,5503,6504,404,6504,8505,050 5,250 975 230 1,800 2,0002,900,001,100 ncomc 890 210 19 725 780 825 835 925 250 210 275 205 175 185 195 20 125 110 138 142 175110 135 155 14214 410 135 575 275 420 3691,91,3691,369,369 ,36991,3691,369,369 1,3691,369 525 275 12n 525 275 575 275 175 410 410 275 475 275 12R 1,1) 475 275 525 525 275 2251,750 Insurance Car Payments Travel Mortgage Miscellaneous Total Expenses come   Expenses 575 275 Expenses 275 200250120150 55020175210250270 3,5493,4393,4043,547 4,9313,619 3,6895,3343,6693,886 4,516 1,7012,011 2,9462,503 4,519 731 381 761 684 1,1811,164

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Perform a what-if analysis by changing the length of the loan from 30 years to 15 years. Determine the monthly payments under this new mortgage

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