2 Based on Exhibit 9.9or using a financial calculator, what would be the monthly mortgage payments for each of the following situations? (Round time value factor and final answers to 2 decimal places.) What relationship exists between the length of the loan and the monthly payment? How does the mortgage rate affect the monthly payment? 1.25 paints Monthly Mortgage Payment Book a $57.000, 15-year loan at 8.50 percent $120,000, 30-year loon at 7.50 percent 5108,000, 20-year loan at 5.50 percent 0-1 Longer mortgage terms meana d-2 For increase in mortgage rate monthly payment monthly payment is required Print References MC Graw 2 Based on Exhibit 9.9or using a financial calculator, what would be the monthly mortgage payments for each of the following situations? (Round time value factor and final answers to 2 decimal places.) What relationship exists between the length of the loan and the monthly payment? How does the mortgage rate affect the monthly payment? 1.25 paints Monthly Mortgage Payment Book a $57.000, 15-year loan at 8.50 percent $120,000, 30-year loon at 7.50 percent 5108,000, 20-year loan at 5.50 percent 0-1 Longer mortgage terms meana d-2 For increase in mortgage rate monthly payment monthly payment is required Print References MC Graw