Suppose you purchase a home for $150,000 by paying a 20% down payment and signing a 30 year mortgage on the remaining $120,000 balance. The fixed annual rate is 3.6% compounded monthly. Your monthly payment is $546. Alter making these payments for 20 years (240 months) you elect to payoff the home and sell. The fair market value of the home $210,000. A) What is the loan payoff on the remaining 120 monthly payments of $546? _____ Show formula used here: B) How much equity would you have at that time (to the nearest dollar)? _____