PLEASE SOLVE ALL PARTS WITHOUT FINANCIAL CALCULATOR

AND WITH A FINANCIAL CALCULATOR

PLEASE SHOW ALL WORK THANK YOU SO MUCH

1. Ann obtains a fully amortizing 30-year Fixed Rate Mortgage with monthly payments for the $1,500,000 at 7.05%. How much does Ann need to pay monthly?

2 Ann obtains a fully amortizing 30-year Fixed Rate Mortgage with annual payments for $1,500,000 at 7.05%. How much does Ann need to pay annually?

3. Ann obtains a fully amortizing 30-year Fixed Rate Mortgage with monthly payments for $1,500,000 at 7.05%. What will be Anns mortgage balance after 20 years of payments (ie after 240 months)?

4.Ann obtains a fully amortizing 30-year Fixed Rate Mortgage with monthly payments for $1,500,000 at 7.05%. What percent of Anns 20^th payment goes to interest? Show your work.