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Please answer all questions below: Assume you have taken out a 25 -year loan of $177,890 with an annual interest rate of 6.79%, compounded monthly.

Please answer all questions below:

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Assume you have taken out a 25 -year loan of $177,890 with an annual interest rate of 6.79%, compounded monthly. (a) Determine the payment amount (in dollars), to the nearest cent, on the given loan amount. $ (b) Determine the outstanding balance (in dollars), to the nearest dollar, after 18 years. $ Compute each periodic interest rate, as a decimal, given the nominal interest rate and compounding period. (Round your answers to four decimal places.) (a) 8.88% per year, compounded quarterly (b) 9.53% per year, compounded semiannually (c) 7.07% per year, compounded daily quarterly deposits need to be in order to save up the $5,700 in three years? (Round your answer to the nearest cent.) monthly. Determine your monthly mortgage payment (in dollars). (Round your answer to the nearest cent.) $ is $280 per month. nearest number of payments.) You will need [] minimum payments. (b) How much total interest (in dollars) will you pay by making the minimum monthly payment? (Round your answer to the nearest dollar.) $ $1,498.75 each. What is the cash price (in dollars) of your RV? (Round your answer to the nearest dollar.) value of the land is still $52,000. Round each answer to the nearest dollar.) (a) Assuming that you put some money down, what was your original loan amount (in dollars)? $ (b) What is the outstanding balance (in dollars) on your loan after making 4 years of payments? $ (c) How much equity (in dollars) do you have in the garden after 4 years? $ 2.3% APR, compounded monthly, and you wish to refinance what you still owe with a new loan at this new rate. (a) How much (in dollars) will you be refinancing? Round your answer to the nearest dollar. \$ (b) How much (in dollars) will your new monthly payment be after refinancing? Round your answer to the nearest cent. $ when you retire at age 68 ? (Round your answer to the nearest dollar.) $ monthly, and requires monthly payments. How much total interest (in dollars) will you pay on this loan after 15 years? (Round your answer to the nearest dollar.)

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