You have decided to use a 20 year amortization for you mortgage. Use this information to fin the monthly mortgage payment using the mortgage amount from previous section and a rate of 3.75%. You must also determine the amount of Interest, principal and balance owing for the mortgage after 2 years and 7 months. Input all the TVM variables and answers into the field below.

Mortgage Amount = 412088.4

Amortization = 20 years

P/Y =

C/Y =

Number of Periods=

Mortgage Rates = 3.75

Present value of loan= $412088.4

Monthly payments =

Value at the end of the loan=

p1 months=

p2 months=

balance owing=

principal paid=

interest paid=