Say that you purchase a house for $266,000 by getting amortgagefor $235,000 and paying a $31,000 down payment. If you get a 25-year mortgage with a 8 percent interest rate, what are the monthly payments?(Do not roundintermediate calculationsand round your finalanswer to 2 decimal places.)

PMT$=?

What wouldthe loanbalance be in ten years?(Round the payment amount to the nearest cent but do not round any other interim calculations. Round your final answer to 2 decimal places.)

PVA$=?

If the house appreciates at 4 percent per year, what will be the value of the house in ten years?(Do not round intermediate calculations and round your finalanswer to 2 decimal places.)

FV$=?

How much of this value is your equity?(Do not round intermediate calculations and round your finalanswer to 2 decimal places.) equity$=?4 partanswer question