You just found the house of your dreams. The price of the house is $300.000. You have been qualified to get a mortgage loan with AMA Bork. The mortgage can star 25 years at an alterest rate of so Part(A How much are your monthly payments for the loan? What is the balance of the mortgage loan after year(s) of payments? Part Aher 1 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 10 years. How much do you have to add to your previously computed vertly payments in order is meer Components to arrive to the war to part How many periods (the value of ndo we need to use in computing the monthly payments (PMT? What is the rate per period to use in solving se monthly payments for Section 5.1, B5-1 (book/static) Round to the decimal places and enter them Do not enter the Forecast. It the answer is 2.43 percent. then enter 243 How much is the monthly payment for the mortgage loan? Round to two decimal places and make your your awwer has two decimals. Do not enter 5 mnd use commaso words. For exam $1,000 20 1.000.20 Components to arrive to the answer to part) To compute the balance of the morgage loan her years, what is the value of number of dose? Aer 1 years. What is the balance of the mortgage loan? Round tot een places and make your your newer as two decimals Donets de com to searate mousands. Forcarere swers 51.000 20 w 10000 Components to You found the house of your dreams. The price of the house is $300,000. You have been to get a mort. The mostwy Part(A) How much are your monthly payments for the loan? Party What is the balance of the mortgage loan her year(s) of payments? Alter years of payments, you want to extra money to the monthly payments so that you will be able to pay off the glo in to years. How much do you will your compueden ser Components to arrive tower to portal To compare the balance of the more later 1 year what is the value of number of periods)? her years, what is the balance of the mortgage to! Section 5.1,85-1 (book/static) (Round to two decimal places and make your your answer has two decimal. Do not enter and use comes to separate thousands. For example the wis Components to arrive to the war to party These calculations are for you have made payments for years) What is the value of n in the calculations of the new monthly payments? How much are the new monthly payments in order to pay of the loan in 10 years? Aller years of payments, you want to add extra money to the monthly payments so that you pay of the mortgage loan in 10 years. How much do you have to add to your previously comedor payments in order to Round to two decimal places)
