Question: study guide Suppose you found the house which you have been looking for years! It comes with a price tag of $180,000. As preparation for

study guide

for this very moment you have been saving for the five years

Suppose you found the house which you have been looking for years! It comes with a price tag of $180,000. As preparation for this very moment you have been saving for the five years and managed to save $5,000 which you plan to put down as a down payment for the house. If the mortgage company is willing to finance your house with a 3.5\% APR, 30 year loan, how much would be your monthly payment amount? (Round up your answer to two decimal point) Fill out all the blank boxes below. Fill in the answer for every box and show how you got them (meaning, write the calculations to show how you got each of the answer). For example, if the answer for the "Applied to interest" for the 1st Month is " C " then show how you got to C. (i.e., A+B=C ). Month Beg Loan Bal Monthly Pmt Applied to Int App to Loan End Loan Bal 1st Month: 2nd Month: $ Month Beg Loan Bal Monthly Pmt Applied to Int App to Loan End Loan Bal 1st Month: 2nd Month: $ 3rd Month: $

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