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Theresa and Raul purchased a home for $270,000. They made a down payment of 20% of the purchase price and secured a 30 -year conventional

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Theresa and Raul purchased a home for $270,000. They made a down payment of 20% of the purchase price and secured a 30 -year conventional home mortgage at 4.5% per year compounded monthly on the unpaid balance. Part 1 of 3 (a.) What is their monthly payment? Use a TVM solver to solve this problem. Fill in the information that you typed into the TVM solver. Round the final answer to two decimal places. Final Answer: 5 Part 2 of 3 (b.) What is their outstanding principal after ten years? (Use the rounded monthly payment.) Use a TVM solver to solve this problem. Fill in the information that you typed into the TVM solver, Round the final answer to two decimal places. Final Answer: $ Part 3 of 3 (c.) The house is worth $330,000 after ten years. How much equity do Theresa and Raul have in their home after ten years

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