Based on Exhibit 7–7, whatwould be the monthly mortgage payments for each of the following situations? a. A $140,000, 15-year loan at 8.5percent. $ XXXXXXXXXX = $1,379 b. A $215,000, 30-year loan at...

Based on Exhibit 7–7, what would be the monthly mortgage payments for each of the following situations?

a.A $140,000, 15-year loan at 8.5 percent. $9.85 140 = $1,379

b.A $215,000, 30-year loan at 7 percent. $6.65 215 = $1,429.75

c.A $165,000, 20-year loan at 8 percent. $8.36 165 = $1,379.40