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You just found the house of your dreams how much are your

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 2 year(s) of payments?

Part (C):

After 2 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?

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Financial Management: You just found the house of your dreams how much are your

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