You need a 20-year mortgage to buy a new home for 320,000. Your bank will lend you the money at an APR of 6 percent. Calculate the monthly payment on this loan. (Round to 2 decimals) You need a 20-year mortgage to buy a new home for 320,000. Your bank will lend you the money at an APR of 6 percent. Calculate the total dollars paid to the bank. (Round to 2 decimals) You need a 20-year mortgage to buy a new home for 320,000. Your bank will lend you the money at an APR of 6 percent. Assuming you make all 240 payments, calculate the total interest paid the bank on the loan. (Round to 2 decimals) You need a 20-year mortgage to buy a new home for 320,000. Your bank will lend you the money at an APR of 6 percent. Suppose you pay $3,000 per month each month on the loan, calculate the number of years it will take to pay off the loan? (Round to 2 decimals) You need a 20-year mortgage to buy a new home for 320,000. Your bank will lend you the money at an APR of 6 percent. However, you can only afford monthly payments of $1,500, so you offer the loan in the form of a single ballon payment. Calculate the value of the ballon payment. (Round to 2 decimals) pay off any remaining balance at the end of