You just found the house of your dreams. The price of the house is ?$300,000. You have been qualified to get a mortagage loan with AAA Bank. The mortgage loan is for 30 years at an annual interest rate of 24?%.
Part? (A):
How much are your monthly payments for the? loan?
Part? (B):
What is the balance of the mortgage loan after 4 ?year(s) of? payments
Part? (C):
After 4 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 monthly payments in order to accomplish? this?
Part (A)
How much is the monthly payment for the mortgage? loan? ?(Round to two decimal places and make your your answer has two decimals. Do not enter? $ and use commas to separate thousands. For example if the answer is? $1,000.20 then enter? 1,000.20)
part? (B):
After 4 ?years, what is the balance of the mortagage? loan? ?(Round to two decimal places and make your your answer has two decimals. Do not enter? $ and use commas to separate thousands. For example if the answer is? $1,000.20 then enter? 1,000.20)
part? (C):
After 4 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 monthly payments in order to accomplish? this? ?(Round to two decimal? places.)