You are deciding to purchase a new condo for $250,000. You plan to pay $50,000 down immediately and need to borrow the rest from your bank with quoted/stated interest rate of 3.6% (stated as APR12 , annual rate expr. with monthly comp. freq.)
	A.)	For a 15-year fixed-rate loan, what are your monthly mortgage payments?
	B.)	After making payments for 10 years, what is your outstanding loan balance ? E.g., whats the lump-sum amount youd have to make to pay-off the loan ?