Question: How do I solve these questions on a step by step basis? I know the last question gives me the answer but where does 149,724.08

How do I solve these questions on a step by step basis? I know the last question gives me the answer but where does 149,724.08 come from?

c. 22. A 15-year annuity of thirty $9,000 semiannual payments will begin one from now. If the discount rate is 10 percent compounded monthly, what is the value of this today? a. $85,872.42 b. $92,842.23 c. $136,706.27 d. $170,502.61 e. $138,352.06 b. 23. What would be the principal balloon payment (that is excluding the fixed monthly payment) at the end of 5 years on a $150,000 loan with monthly payments based on a 30 year term at 12% compounded monthly? a. 143,243 b. 146,495 c. 148,038 d. 154,034 e. 156,343 b. 24. This morning, yo u borrowed $150,000 to buy a house. The mortgage rate is 7.35 percent. The loan is to be repaid in equal monthly payments over 20 years. The first payment applies to the principal balance? a. $268.84 b. $277.61 c. $917.06 d. $925.83 e. $1,194.67 payment is due one month from today. How much of the second 110.0735 20-12 0.0735 12 12 150,000 C C= $1,194.67 Enter 20 12 7.35/12 150,000 /Y PV PMT FV Solve for 1,194.67 Interest $918.75 $917.06 Principal $275.92 $277.61 nin 150,000.00 $149,724.08 $1,194.67 1,194.67

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