You purchased your hout exactly 16 years ago The Witch toan that you took on the house had a loan principal of 5400000, un annual interest rate of 5% compounded monthly amor 30 years ou Calculate the monthly mortgage payment on your house O A $22325 O $2377.62 OG 52147.38 because 10 years have passed since you bought the house, you have 20 more years worth of payments on your mortgage 02: Calculate the balance that you have on your loan (with 20 years of payments to 90) O A 5227760.07 O a $325371.53 OC. $300545 84 03: What is the Mure value of the remaining monthly mortgage payments on your loan at the end of the loan 20 years from now) at the annual savings rate of 1% compounded monthly? O A. $370654 34 OB 557023745 OC 5456189.96 You are thinking about refinancing your mortgage. You can get a new mortgage loan with an annual rate of 25% compounded monthly for 30 years. The loan principal would be exactly the balance on your loan cated in 2 04. What is the mainly payment on your new loan? O A 5128554 OB $1354.68 OG 5117009 OS Spose that you plan to repay this an exactly 20 years from now. What would the balance on this boan be at the point? DA 313037006 OB. 510001691 OC 51677359 on whose huture wat el your monty mortgage payments on this loan 20 years from now at the annual swing ade of 1% compounded monte O A $341375,66 OB 52906674 OG 5252617 91 To see if the refinance is worth it, you want to compare the sum of the answers to 05 and 0 to 8) the answer to 03. The refinance is worth is smaller than fly What is the difference between B) and AI? A5167 Q5: Suppose that you plan to repay this loan exactly 20 years from now. What would the balance on this O A. $136370.65 OB. $190918.91 O C. $167735.9 Q6: What is the future value of your ponthly mortgage payments on this loan 20 years from now at the a O A. $341375.56 O B. $296996.74 O c. $252617.91 Q7: To see if the refinance is worth it, you want to compare A) the sum of the answers to Q5 and Q6 to B O A. $35161.68 OB. $92491.24 O C. $-28492.99 Click to select your answer and then click Check Answer. All parts showing You purchased your house exactly 10 years ago. The initial loan that you took on the house had a loan principal of $400000, an annual interest rate of 6% compounded monthly and a term of 30 years 01: Calculate the monthly mortgage payment on your house. OA $2232.5 OB. $2377.62 OG $2147.38 Because 10 years have passed since you bought the house, you have 20 more years worth of payments on your mortgage 02: Calculate the balance that you have on your loan (with 20 years of payments 10 go) O A $227760.07 OB. $325371.53 OC. $390445 84 03: What is the future value of the remaining monthly mortgage payments on your loan at the end of the loan (20 years from now) at the annual savinge rate of 1% compounded monthly? OA $370654.34 OB S570237.45 O $456189.98 You are thinking about reaning your mortgage. You can get a new mortgage loan with an annual rate of 2.5% compounded monthly for 30 years. The loan principal would be exacy the balance on your loan calculated in OE What is the mothy payment on your new loan? OA 3126554 OB 31364.00 OC. 51170.00 buppose that you plan to repay this an exactly 20 years from now. What would the balance on this loan be at the point? O A 5136370.65 OB, 510001801 OG $167735.9 OS: What is the Mure value of your monthly mortgage payments on this loan 20 years from now at the annual savings rate of 15 compounded monthly O A $341375,56 OB. $296996.74 OC. $252617 91 C. 126201791 on. To co rutances worth it. you want to compare A) the sum of the newers to 05 and on) the rower too. The reference is woma) manter a ). What is veherence betwer) and A12 OA $35161.68 OB, 59249124 OC. $-28482.99 Click to select your answer and then click Check Answer All parts showing Clear All
