i{*iill-r*r"iitT{i,'.' !

i,, itr

Assuming that you can sell the house for this vouroains orlosses:

mouir!

irse the following informdion to calculate

sellingpriceofyourhouse

$tqq,

B&U

'f
.

to

orisinal downpalmat $

? 0 rt O O . O O

Morrgage paid over the tenyea$

The principal balance

S3b * B io3

t-

oryour lo1 after tenyears $

tuf

O'h n.

ti g
and summrize

Do you gain or lose money over the your results:

l0 years? How much? Show your ffiiounts

J'---aqa'ri^r otb, otto'ltu b .c4Q'ti-\ fnOfSrJ rnarur\j * $ \t\fl,\3bu' pain\ Lr,. tt itl. '\SL,0 L-tb iiett' crfi-or \oafr \ tSl A o=o= t tett cr(tor = - ?S,,r! qq t.Icvun \ooy ll*ntJ f pp *rr$ar g e paid) III:
will imestigate a 15 year mortgage.

15 year Mortgage Using the sarne purchase price and downpayment, we

Part

the monthlypayment for a 15 year loan(roundingup to the nearest cent) byusing the following formula. Show your work! IPMT is the monthly loan paynent, is ine mortguge anount, r is the annual percent rate for the loan in decimal, and ihi number of years to pay offthe loan] For the 15 year loan use an amtual interest rate of

Monthly Payment Calculate

is

4.7350/00.

PMT :

r-(l *fr)-"'

P Gr)

Show work here.

\t o,qco (-u1++\ \ _ ,. -.. __-_____r-: , 9 u1f 35 y \" + i" l- t\ iT'-" lr-i.u.,i r E\qns'lc
r-)-t_\

"l

\3. Qo\15 ;- . -tq ZL'3d l{b l

r \t

Monthly Paymnt for a 15 year mortgage =