Based on Exhibit 9.9. or 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.) 25 What relationship exists between the length of the loan and the monthly payment? How does the mortgage rate affect the monthly payment? points Monthly Mortgage Payment a $64.000, 15-year loan at 7.00 percent. b. $140,000, 30-year loan at 5.50 percent. c. $104,000. 20-year loan at 8.50 percent d-1. Longer mortgage terms mean a [ d-2. For increase in mortgage rate monthly payment monthly payment is required Term Rato 30 Years 25 Years 20 Years 15 Yours 3.0% $4.22 $4.74 $5.55 $6.91 3.5 4.49 5.01 5.80 7.15 4.0 4.77 5.28 7.40 6.06 6.33 4.5 5.07 5.56 7.65 5.0 5.37 5.85 6.60 7.91 5.5 6.14 6.88 8.17 5.68 6.00 6.0 6.44 716 8.43 6.32 6.67 7.45 8.71 7.06 7.75 6.65 6.99 8.98 9.27 7.39 7.34 7.72 8.06 8.36 8.68 9.56 9.85 7.69 8.05