Question: 22. USE PMT=P(5 ) To OUTERMine the peruAR payment arrest, rounded to the nearest wolofeph home is financed with a 140, 000, 40 yr fixed

 22. USE PMT=P(5 ) To OUTERMine the peruAR payment arrest, rounded

22. USE PMT=P(5 ) To OUTERMine the peruAR payment arrest, rounded to the nearest wolofeph home is financed with a 140, 000, 40 yr fixed rate mortgage at 5% a ) Find the monthly payment and the total interest for the loan . b ) Prepare a loan a Muritization Schedule for the first three months of the Mortgage. A. THE MONTHLY PAYMENT IS B. ( Do not round until final answer, Then round to nearest cent as needed ) THE TOTAL interest for the loanis $ ( round to nearest cent as needed) B. FILLOUT THE Line AMORTIZATION SCHEDULE FOR THE FIRST OF THE MORTGAGE BELOW PALIMATH INTEREST PRINCIPAL LOAN BALANCE W N ( ROUND TO NEAREST CENT AS NEEDED )

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