Section 4 - Mortgage Calculation Instructions You Have Decided to use a 20 year Amortization for your Mortgage. Use this information to find the MONTHLY mortgage PAYMENT using the mortgage amount from previous section and a rate of 3.75%. You must also determine the amount of INTEREST, PRINCIPAL and BALANCE owing for the mortgage after 2 Years and 7 Months. Input all the TVM variables and answers into the fields below. Mortgage Amount From Previous Question $349747 Amortization 20 Years -P/ c/y Present Value of Loan (PV P1 Months P2 Months 12 349747 24 7 Number of Periods (N) Monthly Payment (PMT) BALANCE OWING (BAL) 240 2149 Mortgage Rate As % (1/4) Value At End of Loan (FV) PRINCIPAL PAID (PRN) 3.75 0 Section Value: 7 INTEREST PAID (INT) Submit Answers