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Questions 28-31 use the same data 28 Find mortgage payment N = 5 years, monthly payment, annuity due Interest rate = 2.9%, compounded monthly PV

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Questions 28-31 use the same data 28 Find mortgage payment N = 5 years, monthly payment, annuity due Interest rate = 2.9%, compounded monthly PV = 45,000 FV = 0 Compute PMT Round to 2 decimal places Amortization schedule after 3 years: same data as 228 P1 = 1 29 30 P2 = 36 Balance after 3 years of payments Total principal repayment after 3 yrs of payments Total interest payments after 3 yrs of payments Round to 2 decimal places 31

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