Question: Help me out with this question please I would like to see any formulas used or if you can show me how to do this
Question 5 (1 point) balance. The balance is financed over 30 years at an interest rate of 0.5 % per month. What is the monthly payment? O $714 $884 O $4,299 You purchase a house today for $147,000 with a 20% down payment. A fee of 1.25% of the loan amount is added to the loa $707 Question 6 (1 point) with a 20% down payment. A fee of 1.25% of the loan amount is added to the years at an interest rate of 0.5 % per month. You make an extra payment of $30 loan You purchase a house today for $147,000 balance. The balance is financed over 30 to make the regular monthly payments (from problem 5 above), how many years of at the end of year 2. If you continue t payments from the original loan will you save? O 17.5 years O 12.6 years O 15.5 years O 7.9 years Save Question 7 (1 point) On a 30-year, fixed rate mortgage with a 3.5% APR, how long does it take before the majority (Le.> 50%) of your payment starts going toward princdpal rather than interest? Try solving and using calculator functions vs solving in Excel O 10 year, 3 month O 15 year
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