You plan to buy a house in five years. The house of your dreams costs $200,000 today but you expect real estate prices to appreciate at a rate of 3% annually. What is the expected price of the house in five years?

FV: 200,000 [ 1.03] ^ 5 = 231,854

At the time when you buy the house, you will pay 20% of the house price out of pocket. For the remaining 80%, you will need a mortgage loan for 15 years with monthly mortgage payments. You believe the rate will be 5% APR. Find the amount of the mortgage loan you will need.

Loan amount= 80% of 231,854= 185,483

Find the monthly payment you will be making on the mortgage loan.

can you check my work and tell me how to solve the last one