ection 3 CMHC Calculation Please determine the CMHC premium amount based on balance outstanding on a traditional down payment type. CMHC WEBSITE Current Mortgage Amount Is: $ B CMHC Premium Amount Mortgage Amount 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. Mortgage Amount From Previous Question Do Sections 1-3 Prior to 20 Years Section 4 P1 Months -P/Y -C/Y Present Value of Loan (P\- Amortization P2 Months Number of Periods (N) Monthly Payment (PMT) BALANCE OWING (BAL) Value At End of Loan (FV- PRINCIPAL PAID (PRN) Mortgage Rate As % (I/Y) 3.75 Section Value: 7 INTEREST PAID (INT) Submit Answers ection 3 CMHC Calculation Please determine the CMHC premium amount based on balance outstanding on a traditional down payment type. CMHC WEBSITE Current Mortgage Amount Is: $ B CMHC Premium Amount Mortgage Amount 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. Mortgage Amount From Previous Question Do Sections 1-3 Prior to 20 Years Section 4 P1 Months -P/Y -C/Y Present Value of Loan (P\- Amortization P2 Months Number of Periods (N) Monthly Payment (PMT) BALANCE OWING (BAL) Value At End of Loan (FV- PRINCIPAL PAID (PRN) Mortgage Rate As % (I/Y) 3.75 Section Value: 7 INTEREST PAID (INT) Submit Answers