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When you purchased your house, you took out a 3 0 3 0 - year annual - payment mortgage with an interest rate of 1

When you purchased your house, you took out a 3030-year annual-payment mortgage with an interest rate of 10%10% per year. The annual payment on the mortgage is $9 comma 0009,000. You have just made a payment and have now decided to pay the mortgage off by repaying the outstanding balance.
a. What is the payoff amount if you have lived in the house for 1616 years(so there are 1414 years left on the mortgage)?
b. What is the payoff amount if you have lived in the house for 2424 years(so there are 66 years left on the mortgage)?
c. What is the payoff amount if you have lived in the house for 1616 years(so there are 1414 years left on the mortgage) and you decide to pay off the mortgage immediately before the 1616th payment is due? Assume the same payment of $9 comma 0009,000 per year and an interest rate of 10%10% per year.

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