Question 1 Shortly after graduation and starting at a new job, you buy a house. The purchase price is $375,000 and the bank offers you a 30 year mortgage at 3.65% with a 5% down payment. How much is the monthly mortgage payment? Question 2 How many months (rounded to the nearest whole number) does it take to pay off half of the principal balance? Question 3 After living in the house for ten years, your career takes you to a new city and you need to sell the house. How much do you still owe on the mortgage after ten years? Question 4 If housing prices in your city have been appreciating at 4.8% annually for ten years, how much do you sell the house for? Question 5 How much is left for you after repaying the bank mortgage?