B E F G IAME AME VT ID Section 4 - Mortgage Calculation Instructions You Have Decided to use a 20 year Amortization for your Mortgage. Use this information to find the MONTHLY mortgage PAYMENT using the mortgage amount from previous section and a rate of 3.75%. You must also determine the amount of INTEREST, PRINCIPAL and BALANCE owing for the mortgage after 2 Years and 7 Months. Input all the TVM variables and answers into the fields below. Amortization PF ML Mortgage Amount From Previous Question $392055.04 20 Years P/Y C/Y Present Value of Loan (PV- P1 Months P2 Months 12 2 392055.04 DOWN PAYMI TOTAL MORTGA Number of Periods (N) Monthly Payment (PMT) BALANCE OWING (BAL) 240 CMHC PR NEW MORTA Mortgage Rate As % (V/Y) Value At End of Loan (FV) PRINCIPAL PAID (PRN) 3.75 o Section Value: 7 INTEREST PAID (INT) Submit Answers PMT FV P1 P2 BAL OUTSTANDING