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Please use excel formulas. loan term 30 years u are planning to buy a new house. You currently have $30,000 and your bank told you

image text in transcribedPlease use excel formulas.

loan term 30 years

u are planning to buy a new house. You currently have $30,000 and your bank told you that you will need a 15% down payment. I the house tht you want to buy costs $200 000 and you can get a mortgage loan at 4.5% annual rate, determine the follo 1. What are the monthly payments on the loan? $1,350.00) 2. What is the total interest over the term of the loan? 5% 3. How much do you pay on interest and principal the first monthly payment

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