Step 1: Calculate PMT.

Step 2: Calculate N(number of periods)

Step 3: Calculate AMORT =N / (P/Y)

Mortgage Calculations Section Value: 13 Instructions Please determine the amortization for the following two payment frequencies using the mortgage amount: $383427. Submit Answers (HINT: Solve for N and adjust your mortgage payment from section 4.MAKE SURE YOUR PMT IS NEGATIVE.) Monthly PMT from Section 4 2267.52 Present Value of Loan (PV Value At End of Loan (FV) Mortgage Rate As % (1/Y) 3.75 o 383427 Question 1: Question 2: Payment Frequency 1 Weekly Formulas for coverting payment frequencies are in Chapter 7 of your textbook. Payment Frequency 2 Accel. Bi-Weekly - P/Y C/Y P/Y C/Y 52 2 26 2 Number of Periods (N) Number of Periods (N) Payment (PMT) Payment (PMT) Amortization in Years (2 Decimals) Amortization in Years (2 Decimals) Mortgage Calculations Section Value: 13 Instructions Please determine the amortization for the following two payment frequencies using the mortgage amount: $383427. Submit Answers (HINT: Solve for N and adjust your mortgage payment from section 4.MAKE SURE YOUR PMT IS NEGATIVE.) Monthly PMT from Section 4 2267.52 Present Value of Loan (PV Value At End of Loan (FV) Mortgage Rate As % (1/Y) 3.75 o 383427 Question 1: Question 2: Payment Frequency 1 Weekly Formulas for coverting payment frequencies are in Chapter 7 of your textbook. Payment Frequency 2 Accel. Bi-Weekly - P/Y C/Y P/Y C/Y 52 2 26 2 Number of Periods (N) Number of Periods (N) Payment (PMT) Payment (PMT) Amortization in Years (2 Decimals) Amortization in Years (2 Decimals)