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Show all CALCULATION ( keystrokes ( PV , FV , I / Y , PMT , & N or FORMULA ) t 1 . Rachel

Show all CALCULATION (keystrokes (PV, FV, I/Y, PMT, & N or FORMULA ) t1. Rachel recently purchased her first home for $220,000. She made a down payment of $20,000, and financed the balance over 15 years, at 6% interest. What is Rachels monthly mortgage payment?
2. If Rachels first payment is due on October 1 of this year, approximately how much interest will she pay in this year?
3. If Rachels first payment is due on October 1 of this year, approximately how much of this years payments will be applied to the outstanding principal?
4. What is Rachels outstanding balance on her home mortgage at the end of THIS year?

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