Question: = Homework: 4-3 MyFinanceLab: Assignm... Question 7, Problem P8-... Part 1 of 3 HW Score: 0%, 0 of 50 points O Points: 0 of 7

 = Homework: 4-3 MyFinanceLab: Assignm... Question 7, Problem P8-... Part 1of 3 HW Score: 0%, 0 of 50 points O Points: 0

= Homework: 4-3 MyFinanceLab: Assignm... Question 7, Problem P8-... Part 1 of 3 HW Score: 0%, 0 of 50 points O Points: 0 of 7 Save Use your financial calculator to determine the monthly payments for each of the following $101,400 mortgage loans. Assume no prepayments. a. 30-year fixed at 8 percent b. 15-year fixed at 7 percent c. 20-year fixed at 7.5 percent Click on the table icon to view the MILPF table a. The monthly payment, PMT, on the 30-year loan is $ (Round to the nearest cent.) Data Table 96 4.00% 4.25% 4.50% 4.75% 5.00% 5.25% 5.50% 5.75% 6.00% 6.25% 6.50% 6.75% 7.00% 7.25% 7.50% 7.75% 8.00% 8.25% Monthly Installment Loan Tables ($1,000 loan ith interest payments compounded monthly) 24 30 36 48 60 72 84 120 180 240 43.42 35.08 29.52 22.58 18.42 15.65 13.67 12.19 10.12 7.40 6.06 43.54 35.19 29.64 22.69 18.53 15.76 13.78 12.31 10.24 7.52 6.19 43.65 35.31 29.75 22.80 18.64 15.87 13.90 12.42 10.36 7.65 6.33 43.76 35.42 29.86 22.92 18.76 15.99 14.02 12.54 10.48 7.78 6.46 43.87 35.53 29.97 23.03 18.87 16.10 14.13 12.66 10.61 7.91 6.60 43.98 35.64 30.08 23.14 18.99 16.22 14.25 12.78 10.73 8.04 6.74 44.10 35.75 30.20 23.26 19.10 16.34 14.37 12.90 10.85 8.17 6.88 44.21 35.87 30.31 23.37 19.22 16.46 14.49 13.02 10.98 8.30 7.02 44.32 35.98 30.42 23.49 19.33 16.57 14.61 13.14 11.10 8.44 7.16 44.43 36.09 30.54 23.60 19.45 16.69 14.73 13.26 11.23 8.57 7.31 44.55 36.20 30.65 23.71 19.57 16.81 14.85 13.39 11.35 8.71 7.46 44.66 36.32 30.76 23.83 19.68 16.93 14.97 13.51 11.48 8.85 7.60 44.77 36.43 30.88 23.95 19.80 17.05 15.09 13.63 11.61 8.99 7.75 44.89 36.55 30.99 24.06 19.92 17.17 15.22 13.76 11.74 9.13 7.90 45.00 36.66 31.11 24.18 20.04 17.29 15.34 13.88 11.87 9.27 8.06 45.11 36.77 31.22 24.30 20.16 17.41 15.46 14.01 12.00 9.41 8.21 45.23 36.89 31.34 24.41 20.28 17.53 15.59 14.14 12.13 9.56 8.36 45.34 37.00 31.45 24.53 20.40 17.66 15.71 14.26 12.27 9.70 8.52 360 4.77 4.92 5.07 5.22 5.37 5.52 5.68 5.84 6.00 6.16 6.32 6.49 6.65 6.82 6.99 7.16 7.34 7.51 Print Done

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