Use your financial calculator to determine the monthly payments for each

of the following $$278,800$ mortgage loans. Assume no prepayments.

A$.$ Using the calculator, the monthly payment on the $30-$year, $7\mathrm{.}5\%$

mortgage is

$(2$ points$)$

B$.$ Using the calculator, the monthly payment on the $15-$year, $7\mathrm{.}2\%$

mortgage is

$(2$ points$)$

C$.$ Using the calculator, the monthly payment on the $20-$year, $8\mathrm{.}0\%$

mortgage is

$(2$ points$)$