Question 3 Christy took out a mortgage of $717,000 for a house and just made the 117th end of month payment. If interest on the loan was 4.19% compounded monthly and the mortgage has a period of 19...


Question 3<br>Christy took out a mortgage of $717,000 for a house and just made the 117th end of<br>month payment. If interest on the loan was 4.19% compounded monthly and the<br>mortgage has a period of 19 years. Round ALL answers to two decimal places if<br>necessary.<br>1) What are her monthly payments?<br>P/Y =<br>C/Y =<br>N =<br>VY =<br>PV = $<br>FV = $<br>PMT = $<br>2) What is her current outstanding balance after the 117th payment?<br>BAL = $<br>(enter a<br>positive value)<br>

Extracted text: Question 3 Christy took out a mortgage of $717,000 for a house and just made the 117th end of month payment. If interest on the loan was 4.19% compounded monthly and the mortgage has a period of 19 years. Round ALL answers to two decimal places if necessary. 1) What are her monthly payments? P/Y = C/Y = N = VY = PV = $ FV = $ PMT = $ 2) What is her current outstanding balance after the 117th payment? BAL = $ (enter a positive value)

Jun 08, 2022
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