You plan to purchase an $80,000 house using a 15-year mortgage obtained from your local bank. The mortgage rate offered is 8% and you will need to make a down payment of 20% of the offer price. (round to 2 decimals; do not enter dollar sign)

Calculate your monthly payments..

Calculate the interest and principal payment for the 127^th monthly payment. Enter your interest payment (2 decimals - no $ sign)

Calculate the interest and principal payment for the 159^th monthly payment. (again enter only the interest portion of this payment answer to 2 decimals)

Calculate the amount of interest paid over the life of this mortgage.