You just found the house of your dreams. The price of the house is

$500,000.

You have been qualified to get a mortagage loan with AAA Bank. The mortgage loan is for

20 years at an annual interest rate of

24%. A. How much are your monthly payments for the loan? B.What is the balance of the mortgage loan

after 2

year(s) of payments? C. After

2

years of payments, you want to add extra money to the monthly payments so that you will be able to pay off the mortgage loan in

15

years. How much do you have to add to your previously computed monthly payments in order to accomplish this?