Question: I've completed question 9 but need a hand with 10 is someone could pls help! Question 9 (3 points) Mrs. Shaw takes out a $180

I've completed question 9 but need a hand with 10 is someone could pls help!

someone could pls help! Question 9 (3 points) Mrs. Shaw takes out

Question 9 (3 points) Mrs. Shaw takes out a $180 000 mortgage on a new house. The interest rate is 6.4%/a, compounded semi-annually. If she makes monthly payments of $1200.00, how long will it take to pay off the mortgage? How much interest is paid over the life of the mortgage? -math I Question 10 (3 points) How much interest would Mrs. Shaw save over the life of the mortgage if she made accelerated bi-weekly payments of $600.00? -math A 9 loan taken = present value = $180000 intrest rate = 6.4 compounding monthly C/4 = 2 Payments are made monthly P1= 12 monthly payment amount = $1200. Tvm Solver N= 296.86 Il = 6.4 PE 180000 POT-1200 Ply = 12 CN=2 of . it will take 24 years to pay the loan 206.86 - 12 = 24 years Toten Intrest = 296.86 x 1200-180000 356237 180000 $ 176232 the amount of intrest over the life of mortgage is $176232

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