You found your dream house. It will cost you $250000 and you will put down $60000 as a down payment. If you finance the reminder of the cost with a 30-year 5.5% mortgage, what will your monthly mortgage payment in $ (assume no early repayment) be? hint for Question 12 Mortgage monthly payment N=30 years*12 month each year=360 I/Y=monthly interest rate= annual interest rate/12 PV= house price- down payment (money you will need to borrow from the bank) PMT(mortgage monthly payment)=? FV=0 (it is zero since you will pay off the mortgage in 30 years) CPT(compute) PMT