Problem 4 and 5-8 House Appreciation and Mortgage Payments Say that you purchase a house for $216,000 by getting a mortgage for $190,000 and paying a down payment of $26,000. If you get a 20-year mortgage with an interest rate of 8 percent, what are the monthly payments? (Round your final answer to 2 decimal places.) Payment What would the loan balance be in five years? (Use a payment value rounded to 2 decimal places. Round your final answer to 2 decimal places.) Loan balance If the house appreciates at 2 percent per year, what will be the value of the house in five years? (Round your final answer to 2 decimal places.) Future value