*8.5.17 :3 Question Help A borrower has taken out a 30-year mortgage for $116,000 at an annual rate of 8%. a. Use the table to find the monthly payment for this mortgage. b. Construct the first three lines of an amortization schedule for this mortgage. c. Assume that the borrower has decided to pay an extra $150 per month to pay off the mortgage more quickly. Find the first three lines of your payment schedule under this assumption. Click the icon to view a table of monthly payments on a $1,000 loan. a. The monthly payments for this mortgage are (Type an integer or a decimal.) Monthly Payment on a $1,000 loan Number of Years for the Loan Annual Interest Rate 3 4 10 20 30 $29.53 $6.06 $4.77 4% 5% $22.58 23.03 23.49 $10.12 10.61 29.97 30.42 5.37 6.60 7.16 6% 11.10 6.00 8% 31.34 24.41 12.13 8.36 7.34 8.78 10% 25.36 13.22 9.65 32.27 33.21 12% 26.33 14.35 11.01 10.29 Print Done Enter your answer in the answer box and then click Check Answer. ? 6 parts Clear All Check Answer remaining *8.5.17 :3 Question Help A borrower has taken out a 30-year mortgage for $116,000 at an annual rate of 8%. a. Use the table to find the monthly payment for this mortgage. b. Construct the first three lines of an amortization schedule for this mortgage. c. Assume that the borrower has decided to pay an extra $150 per month to pay off the mortgage more quickly. Find the first three lines of your payment schedule under this assumption. Click the icon to view a table of monthly payments on a $1,000 loan. a. The monthly payments for this mortgage are (Type an integer or a decimal.) Monthly Payment on a $1,000 loan Number of Years for the Loan Annual Interest Rate 3 4 10 20 30 $29.53 $6.06 $4.77 4% 5% $22.58 23.03 23.49 $10.12 10.61 29.97 30.42 5.37 6.60 7.16 6% 11.10 6.00 8% 31.34 24.41 12.13 8.36 7.34 8.78 10% 25.36 13.22 9.65 32.27 33.21 12% 26.33 14.35 11.01 10.29 Print Done Enter your answer in the answer box and then click Check Answer. ? 6 parts Clear All Check Answer remaining