Question: real state finance please ans the question step by step 7 ans should be = $861,929.50. 8 ans should be = 86.43% 9 ans should

real state finance

please ans the question step by step

7 ans should be = $861,929.50.

8 ans should be = 86.43%

9 ans should be = 13.57%

7. Ann obtains a fully amortizing 30-year Fixed Rate Mortgage with monthly payments for $1,500,000 at 7.05%. What will be Anns mortgage balance after 20 years of payments (ie after 240 months)?

8. Ann obtains a fully amortizing 30-year Fixed Rate Mortgage with monthly payments for $1,500,000 at 7.05%. What percent of Anns 20th payment goes to interest? Show your work.

9. Ann obtains a fully amortizing 30-year Fixed Rate Mortgage with monthly payments for $1,500,000 at 7.05%. What percent of Anns 20th payment goes to principal? Show your work.

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