RECOMMENDED!!LAW 1101-Say that you purchase a house for $266,000 by getting a

  

Say that you purchase a house for $266,000 by getting a mortgage for $235,000 and paying a $31,000 down payment. If you get a 25-year mortgage with a 8 percent interest rate, what are the monthly payments? (Do not roundintermediate calculations and round your final answer to 2 decimal places.) PMT$=? What would the loan balance be in ten years? (Round the payment amount to the nearest cent but do not round any other interim calculations. Round your final answer to 2 decimal places.) PVA$=?If the house appreciates at 4 percent per year, what will be the value of the house in ten years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) FV$=?How much of this value is your equity? (Do not round intermediate calculations and round your final answer to 2 decimal places.) equity$=? 4 part answer question

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