Steve Rogers is purchasing a $600,000 home with a downpayment of $150,000. He will be obtaining...

  

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Steve Rogers is purchasing a $600,000 home with a downpayment of $150,000. He will be obtaining a 5 year, 8%, 25 year amortization Canadian mortgage from TD Bank. Payments are to be paid monthly.. a) What is the future value of the loan in 3 years with no payments made? b) What is the future value of the payments in 3 years? c) What is the outstanding loan balance after 3 years? d) How much interest has been paid over the first 3 years? show inputs to your calculations Steve Rogers is purchasing a $600,000 home with a downpayment of $150,000. He will be obtaining a 5 year, 8%, 25 year amortization Canadian mortgage from TD Bank. Payments are to be paid monthly.. a) What is the future value of the loan in 3 years with no payments made? b) What is the future value of the payments in 3 years? c) What is the outstanding loan balance after 3 years? d) How much interest has been paid over the first 3 years? show inputs to your calculations